Cactus Schroeder on the failure of oil companies who shifted to green energy

Cactus Schroeder: There was so much money thrown at green energy - and it's all flopping - so these people are not going to continue putting money into things that aren't making money.  BlackRock was such a big deal with their [ESG].  And they're having to take a step back and say, "we're not making money" and, because they put all those regulations and they're on so many boards, the state of Texas has said, "bye, we're not doing business with you anymore."  They sold all their BlackRock stock and I think Louisiana's getting ready to do that as well or may have already.  And so some of those companies, they're going to have to change what they're doing or suffer the consequences.

Dan Ferris: Yeah, it's just another version of go woke, go broke.  Anheuser Busch, Disney, now Porter [Stansberry] argues that Starbucks is because they started letting homeless people come in and use the bathroom and he said that it turned it from a business into a charity.  And now their results are sucking wind.  They're doing terribly.  At some point reality does kick in.  Reality kicks in and we all want our standard of living so we all know it's based on oil and gas and it's not based on a whole lot else.

~ Cactus Schroeder, interview with Dan Ferris, Stansberry Investor Hour, 32:30 mark, May 6, 2024

Doug Casey on the impact of DIE and ESG on corporate cultures

The concepts of DIE (diversity, inclusion, and equity) and ESG (environmental, social, and governance) have inundated corporate culture like a tidal wave of sewage.  They’re viewed as being good, positive, and something that everybody should observe when they should be thrown out with the garbage.  They’re purely destructive. 

One of the causes for this, other than our corrupt education system, is that corporations today are usually not run by entrepreneurs.  Entrepreneurs, the founders, generally have one way of thinking.  Later, managers take over.  The company is then run by suits, heavy with lawyers and accountants. They’re what the French call “petit fonctionnaires.”  These are people with bureaucratic mindsets, better at backslapping and backstabbing than creating value, who come to consider themselves as masters of the universe.  It’s not good.

~ Doug Casey, "Doug Casey on Why Woke Corporations Will Go Broke," International Man, June 14, 2022

Anonymous employee on Disney's woke culture

I’ve been here for 35 years, and I only have a few years left before I can retire.  I’m trying to keep my sanity, but it’s very difficult.

~ anonymous employee, "Longtime Disney Cast Member Speaks Out: ‘We Are Ashamed to Work for This Company’," The Epoch Times, April 8, 2022

Helen Buyniski on corporate wokeness in 2020

Corporations went headlong into performative wokeness this year, falling over themselves to embody the spirit of diversity and inclusion.  They mostly succeeded in alienating customers and bringing down torrents of mockery instead.

~ Helen Buyniski, RT News, "RT’s The Wokies: Top 10 CORPORATE panderers who plumbed new depths in 2020," LewRockwell.com, December 28, 2020