Fourteen state treasurers on Wednesday urged the Business Roundtable to reject woke activism and focus on making corporations politically neutral.
The 14 state treasurers, in a letter to the Business Roundtable, argued that the group’s 2019 redefining of the purpose of a corporation to focus on aiding stakeholders, including leftist groups such as Black Lives Matter, has moved corporations leftward.
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“After five years of abject failure, the Business Roundtable’s attempted redefinition of the purpose of a corporation (the ‘Redefinition’) should be discarded into the ‘ash heap of history,’” the state treasurers argued.
They continued, “As treasurers of our respective states, who are responsible for many state and retirement investments, we urge you to abandon the…
