ESG, that's why. If they want to keep getting that big hedge fund money that greatly outpaces the retail investor they have to jump through these hoops made up by Larry Fink and Blackrock. If they want to keep getting government subsidies they have to do this nonsense. They only started pushing back when their loss of sales began to outstrip all of the subsidies and hedgie investment.
ESG, that's why. If they want to keep getting that big hedge fund money that greatly outpaces the retail investor they have to jump through these hoops made up by Larry Fink and Blackrock. If they want to keep getting government subsidies they have to do this nonsense. They only started pushing back when their loss of sales began to outstrip all of the subsidies and hedgie investment.