CWA is speaking out today asking business leaders to focus on employees and earnings, not political activism, especially during the COVID-19 crisis. CWA stands against the liberal social justice agenda of Big Business that elevates political activism and pet projects over principles of free-market capitalism. Policies that threaten women in the name of transgender rights, like the Equality Act in Congress and requiring girls to compete against biological male athletes, and actions to promote abortion are examples of the activism these companies push under the cover of “stakeholder” concerns. Corporations need to mind their own business and focus on employee stability and shareholder earnings to get our economy back.
BlackRock CEO, Larry Fink who leads the largest asset management company in the world, has been tasked by the Federal Reserve to assist in our nation’s economic recovery. CWA and other conservative leaders are simply asking him not to divert resources to political causes. “Shareholders and society at large benefit when companies are guided by values such as producing quality products and services, having integrity in dealing with customers and vendors, and developing the talents and skills of employees.”
Now, more than ever, America needs business leaders to focus on their mission in the marketplace.
Read the entire letter here and go to LarryFink.org to add your name.FINAL B2N Response to Fink April 11 2020