When confronted with their outright biases in policies and platforms, in which woke politics should not exist, the leftists’ preferred tactic is to suggest “go build your own” to conservatives. In recent weeks, in light of Elon Musk's purchase of Twitter, the Left is being exposed for how completely untruthful it is after tactics similar to their own were applied against their sacred cows. Leftists are utterly unprepared when their tantrums abruptly stop working to get their way.
The Left is similarly inept when it comes to business. Business is often portrayed as a scourge, as greedy capitalism sucking the lifeblood of consumers and workers alike. Yet, it exists as a prime source of funding for social-engineering activities.
This is not a small factor in leading to the panic-stricken rush of companies to appease the loud minority by implementing equity, diversity, and inclusionary directives that, in reality, only serve to earn social-justice-warrior points while doing little to advance the supposedly popular causes. These initiatives do not assist businesses in their primary goals–for instance, making money. Without this, no amount of goodwill signaling will matter. No matter how self-righteous the company's image is, when it ceases making money, it will soon stop operating.
Understandably, shareholders of public companies would rather own shares in profitable businesses that don't alienate huge portions of their existing or future customers. There are few real monopolies in the United States. Options exist, and no company is too big to fail, because other companies will quickly succeed them. Talk to the former Enron and Lehman Brothers employees for further information. Yet, businesses all over the world continue to bow to the brash jokesters. Shareholders are now getting ready to fight back.
People who are fully aware of capitalism believe the statement that “the genius of capitalism is that it requires businesses to do good things for society to make a profit.” This is the Boardroom Initiative's slogan, and the organization is currently pursuing a strategy through which shareholders demand genuine diversification and inclusion from their investment, not just leftist propaganda.
The Boardroom Initiative recently unveiled a shareholders’ proposal at the annual Bank of America gathering that demanded that the bank live up to the principles it preaches, refusing to discriminate against any particular group or member. It read something like this: Shareholders of Bank of America Corporation (the Company) demand the Board of Directors commission a race-based equity audit that analyzes the effects of the Company's operations on discrimination and civil rights and the effects of these issues on the business of the Company. The audit could, at the discretion of the Board, be performed by an impartial and independent third party, with participation from civil-rights groups, communities, and employees where the Company is located and other stakeholders holding varying views and opinions. The audit report after it is produced at a reasonable price and not containing any confidential or proprietary information must be made public on the company's website.
The proposal went on to point out that much attention has been paid by the public in recent times to workplace practices and employee education. Everyone agrees that employees’ success should be encouraged, and no employee should be subject to discrimination; however, there is a lot of debate about what constitutes discrimination. This concern is spread across the political spectrum. Certain companies have been pressured to establish “anti-racism” programs that seek to create “racial equity,” which is the term used to describe the distribution of compensation and power on the basis of gender, race, sexual orientation, and ethnicity, rather than according to merit. If they are implemented, they can be a source of opposition, with some expressing concern that “anti-racist” programs are themselves very racist and in other ways discriminatory. A number of companies have been discovered to be funding and promoting explicitly and implicitly discriminatory employee-training programs, such as Bank of America, American Express, Verizon, Pfizer, and CVS. The resulting conflict, discord, and debate can cause huge reputational as well as financial and legal risks. In the event that the Company is under the guise of diversity, equity, racial equity, and inclusion but committed to unlawful discrimination against employees who are deemed “non-diverse,” then the Company is at risk in a myriad of ways, all of which is both inexcusable and preventable.
The proposal goes on by specifying that in the course of preparing the audit and report, the Company must consult with civil-rights groups; however, it should not create bias by basing its audit on only left-leaning groups. It should instead consult with groups holding a range of views. It should include right-leaning civil-rights groups that represent minorities like the Woodson Institute and Project 21. Also, it must include organizations that are committed to protecting the rights and freedoms of all Americans and not just those who many corporations call “diverse.” All Americans are entitled to civil rights. Any violation of these rights risks causing disaster. In the same way, when it comes to auditing employees, the Company must permit employees to express their opinions without fear of retribution or disfavor as well as in private ways. Many employers such as those above have enacted discriminatory programs that in turn discourage the contributions of employees who do not agree with the basic premise of the program, and then claim that employees who are allowed to express their opinions through the program solely represent the opinions of all employees. This alone creates a very hostile workplace for certain types of employees and is both morally indecent and possibly illegal.
Unfortunately, but not surprisingly, the plan did not go through. “While the shareholder proposal didn't pass, this is still a victory for Americans because we've drawn a tremendous amount of attention to this issue. CEOs have a responsibility to deliver value to shareholders. This includes individual shareholders who depend on their income from their 401Ks. There are millions of Americans, including many retirees living on fixed incomes, who depend on their 401K income and are facing record inflation. These Americans are depending on CEOs to deliver value, not cater to left-wing activists. The Boardroom Initiative will continue fighting back against ‘woke capitalism' and we will be launching new campaigns to empower shareholders and employees in this important cause.”
As we've seen at even the most massive companies such as Disney, this “get woke/go broke” truism is applicable to all. Initiatives such as the Boardroom Initiative’s are vital elements in the battle against not only companies that are sucking up their own integrity by drowning themselves in the slur of leftists but also capitalism itself surviving and prospering.