Tag: stakeholder capitalism

Commentary: The Nonsense of Stakeholder Capitalism

Michigan Star Staff

From Harvard to Hong Kong, stakeholder capitalism is gaining popularity at elite business schools worldwide. Followers of this trendy concept believe that a corporation, instead of primarily operating to benefit shareholders, should work to benefit all interested parties — or “stakeholders” — including suppliers, local communities, and governments. Stakeholder capitalism largely overlaps with efforts to advance so-called “environmental, social, and governance” (ESG) outcomes — a vaguely defined trio of left-wing priorities.

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Bank of America Shareholders Band Together Against Company’s ‘Woke’ Practices

Peter D'Abrosca

A group of shareholders in America’s largest bank has banded together to fight against the company’s “woke” policies.

Members of a group called The Boardroom Initiative issued a shareholder proposal that rebuked some of Bank of America’s “wokeness,” and though the proposal was shot down, members of the group remained upbeat.

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Newt Gingrich Commentary: The Woke Industrial Complex and a Crisis of American Identity

Michigan Star Staff

“Stakeholder capitalism” is the idea that companies should serve not only their shareholders but also other interests and society at large. This ideology, championed by America’s business and political leaders, promises a better, more diverse, and environmentally friendly world. Social justice is the purported goal.

In reality, this insidious force is an invitation for politics to infect business, creating a marriage between big business and big government that has the two working in concert. The result is a hybrid behemoth of immense power, capable of controlling our money, our voice, even our identity.

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