A New Tool that Maximizes the Power of the Proxy
Scott Shepard from the National Center's Free Enterprise Project joins Kevin Freeman in the "Economic War Room" to discuss the issues surrounding Environmental, Social, and Governance investing and how it has been used to push political agendas to the detriment of shareholder value. Shepard highlights how large investment firms like BlackRock have shifted from offering ESG-specific investment vehicles due to their underperformance to continuing to use their influence to drive ESG goals.