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Social media repeats one of my favorite phrases: go woke, go broke. After PayPal announced plans to penalize those who violate their standards regarding gender and trans issues with a $2,500 fine, its stock plummeted and the company lost $6 billion. #BoycottPayPal trended.
This backlash has hit the NBA, the NFL, Hollywood and the music industry, all financially weaker, in part, because their wokeness clashes with mainstream American values. No bigger industry is feeling the backlash than Wall Street.
With $10 trillion in assets, Blackrock is the country’s largest financial firm. It has been pushing a woke and green agenda for years. Following the 2016 election, Brian Deese, the Obama climate aid, was hired by Blackrock where he used the financial powerhouse to push his radical agenda. Since the 2020 election, Blackrock executives, including Wally Adeyemo and Mike Pyle, joined the Biden administration where they use the power of government to drive their agenda. Deese is now Biden’s chief economic advisor. The revolving door at its finest.
Continued below.
TURNER: Corporate America Is Learning The Hard Way — Go Woke, Go Broke
This backlash has hit the NBA, the NFL, Hollywood and the music industry, all financially weaker, in part, because their wokeness clashes with mainstream American values. No bigger industry is feeling the backlash than Wall Street.
With $10 trillion in assets, Blackrock is the country’s largest financial firm. It has been pushing a woke and green agenda for years. Following the 2016 election, Brian Deese, the Obama climate aid, was hired by Blackrock where he used the financial powerhouse to push his radical agenda. Since the 2020 election, Blackrock executives, including Wally Adeyemo and Mike Pyle, joined the Biden administration where they use the power of government to drive their agenda. Deese is now Biden’s chief economic advisor. The revolving door at its finest.
Continued below.
TURNER: Corporate America Is Learning The Hard Way — Go Woke, Go Broke
