Free Enterprise Project fights back against Woke
"Former McDonald's CEO who invented the McNugget sets up new group to fight back against woke corporations and buys enough Bank of American shares to formally propose that firm scraps staff CRT training
Ed Rensi, who served as the CEO of McDonalds in the 1990s, is partnering with conservative groups to fight back against woke corporations
He formed the Boardroom Imitative - a partnership between the Job Creators Network, The Free Enterprise Group and Second Vote
The goal of the group is to protect share holders and employees of publicly traded companies from 'woke' policies and ensure corporate accountability
It comes as left-wing groups continue to buy up stocks in businesses until they raise enough clout to lobby the board to adopt leftist policies
Companies are also being forced to the left so they could receive a high ESG score, which would make them more profitable
The group has already bought out nearly 2,000 shares of Bank of America, which has come under fire for teaching critical race theory
It is also planning to look into claims that Allstate is denying coverage to companies with low Environmental Social Governance scores"
April 20, 2022
"A former McDonald's CEO credited with inventing the McNugget is now leading the charge against corporations that implement woke policies.
Ed Rensi, who served as the CEO of McDonalds from 1991 to 1997, is partnering with conservative advocacy groups to form The Boardroom Initiative, FOX News has reported.
Its goal is to protect share holders and employees of publicly traded companies from 'woke' policies, which the group says imperil profits and thus betray the very shareholders who pay corporation staffs' wages.
The Boardroom Initiative also aims to counter left-wing groups' decision to buy up stocks in the businesses until they raise enough clout to lobby the board to adopt woke policies on issues including gender and race.
The Free Enterprise Project, an existing body which has joined forces with The Boardroom Initiative, has laid out a blueprint to tackle woke overreach.
Its members have bought 2,000 Bank of America shares - enough to formally propose a motion at the next shareholder meeting. They will now demand the firm undertake a civil rights audit to try and stop staff pushing critical race theory-inspired 'equity' training on staff at its upcoming meeting.
Companies have been urged in recent years to adopt more liberal policies so they could raise more money from groups like money management firms like BlackRock, which look at a company's 'environmental, social and governance' factors.
Many now regularly issue statements on issues including police brutality and transgender treatments for children. Blue-chip firms which have pushed critical race theory-inspired training on staff include American Express and Disney"
"But Rensi says that woke obsessions are hitting firms' bottom lines, meaning they're failing in their duty to shareholders."
Sauce/moar: https://www.dailymail.co.uk/news/article-10736805/Former-McDonalds-CEO-sets-group-fight-against-woke-corporations.html