Hysteria, groupthink and a good quantity of hypocrisy are the important thing components in a ruinous cocktail that has managed to intoxicate some previously profit-focused boardrooms. At some point, it’s the Adena Friedman-led Nasdaq inventory market demanding that its US-listed corporations have absolutely numerous boards even because it ignores a Chinese language firm’s therapy of the oppressed Uighur ethnic minority. The following, it’s Larry Fink of BlackRock pushing President Biden’s green-energy agenda whereas hawking high-priced funds that spend money on such boondoggles.
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