For any publicly traded company, the bottom line is going to be the driving consider every major decision that gets made at the corporate level. With United States tax rates changing in between administrations and shake-ups in the Eurozone, it can be like a game of feline and mouse in between governments looking for to collect taxes and the business doing everything they can to prevent those taxes.
As stakeholders in a business, financiers don't just own a stock– we own a part of the actions that are taken by that business. With the increase of the internet and much easier access to current details around the world, the social part of investing has ended up being a major factor for lots of in the market.
In this continuation of recently's topic, Phil and Danielle go over the headquarter dilemma that some corporations are wrestling with and weigh the costs and benefits of activism in the corporate sphere.
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How is she not understanding the corruption and destructiveness of DEI and ESG?
All depends on your political stance. She leans more on the left wing side, which is fine too
@@omni1562 fair. Like the saying “the road to hell is paved with good intentions”. Maybe in theory ESG and DEI seem great, but in practice it is horrendous.
@@victorl225 exactly, it’s like communism to me. So great on paper
I agree with everything Phil says about discrimination in hiring. I love listening to Danielle, but I agree with Phil’s political stance more than Danielles.
Healthy debates are always good and even if we teach and learn how important it is to keep emotions out of our investing it does impact the market overall. Things like DEI and ESG are great in concept but how each company executes on it matters. Most just use it as an advertisement and never actually follow through. AND yes sadly “not hire white men over a certain age” is indeed illegal and yet something I have seen (FYI I’m an old guy but not white. I have been blocked from hiring someone that fit that no-hire mold and had to hire someone that was the exact opposite and not qualified, it was a disaster).
Overall, I agree with Danielle that this is why we manage our own investments and choose the companies we support.