Post AcoBxNfaPThvn7zkPI by SusanInVA@social.quodverum.com
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(DIR) Post #AcoBxNfaPThvn7zkPI by SusanInVA@social.quodverum.com
2023-12-14T18:32:09Z
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NEWS: South Carolina Pulls $105 Million of Disney Investments Due to “Structural Rot” in the CompanyCurtis Loftis, South Carolina’s State Treasurer, has decided to divest the state’s funding to Disney. His reasoning behind the decision is that he feels the company’s management has abandoned their fiduciary responsibilities.https://allears.net/2023/12/13/disney-set-to-lose-105-million-dollars-in-funding-due-to-structural-rot/1/2
(DIR) Post #AcoC04RANAOx0lX5cG by SusanInVA@social.quodverum.com
2023-12-14T18:32:38Z
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Loftis has also openly criticized Disney’s acceptance of Environmental, Social, and Governance (ESG) criteria, and argues that it deviates from the most basic foundation of investing. “People sometimes forget that ESG has nothing to do with investing,” said Loftis. “ESG is a speech and behavior code that was … created by the left and delivered to everybody else under these virtuous circumstances, or presumed circumstances.”2/2