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Labor Secretary Eugene Scalia
is on the right track
with activist investor reform

Original Article

Posted By: tisHimself, 7/26/2020 8:54:08 AM

Should people be able to invest in ventures that aim to have a social or environmental impact? The answer is yes. In fact, people should be able to invest in, buy stock in, and even bet on anything they want. However, fiduciaries (those that manage other people’s investments) must follow some rules. The first rule of a fiduciary should be to put the economic interests of its clients first. Some haven’t exactly followed that rule and have let personal politics and beliefs get in the way,

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Reply 1 - Posted by: LadyHen 7/26/2020 9:32:33 AM (No. 490878)
fta: Nothing is prohibiting individuals from pursuing ESG investments. Individuals should be able to make bad decisions all they want, as long as it only affects themselves. But a fiduciary's job description is to provide the biggest returns possible for clients. Investors shouldn’t purposely make bad investment decisions just because it makes themselves or a small group feel better about it. In effect, the Labor Department is attempting to practice one of the most important social justice causes: protecting wealth creation. -- GOOD!! Company 401k plans could be a massive investment slush fund if fiduciaries are guilted by SJW, Antifa, BLM crazies into investing your retirement into their "environmental, social, and governance activism" ESG funds regardless of their historically miserable return on investment. This is why you should KNOW where and with whom your money is invested.
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Labor Secretary Eugene Scalia
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1 reply
Posted by tisHimself 7/26/2020 8:54:08 AM Post Reply
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