The GOP Is Playing Chicken With Trillions in Assets
A new Senate Republican report gives us a look inside the party’s playbook for punishing asset managers and their “liberal social goals.”
Dalia Blass, head of external affairs at BlackRock and Lori Heinel, global chief investment officer of State Street Global Advisors, are grilled on ESG policies by Texas lawmakers.
Source: Bloomberg
In the clearest sign yet that a contingent of the Republican Party plans to make its attack on “woke” corporations a core tenet of its platform, look no further than its latest target: asset managers.
It’s one thing to get your conservative base riled up about Walt Disney Co. — a favorite punching bag of Florida Governor Ron DeSantis — and what’s deemed the desecration of the once-beloved and wholesome brand behind Mickey Mouse. But whipping voters into a frenzy over, say, index funds takes another level of commitment, especially when the companies behind them lack the same name recognition among much of mainstream America.