This is another interesting strategy, IMO. Having states sue corporations when they behave in a way that adversely affects the corporation's market value. The problem is that suing "the corporation" doesn't single out the individuals who are actually responsible for this trash, the cancerous minions who infested so many organizations, companies, etc.
I also want to know why the Board of Directors didn't quash this DEI trash before it became a policy for them. Will they be held accountable? Lots of questions here and it will be interesting to see if this gets off the ground, if it makes progress. One thing I expect is the pockets of rabid leftists in Florida will undoubtedly start caterwauling about racism and Nazis and blah, blah, blah - their stereotypical chorus of marxist attack verbage - over this.
Like BlackRock, State Street, Vanguard, etc? That would really blow this whole issue up exponentially as they've got huge influence in many corporations.
Good question, but I don't know for sure. At this point afaik (or at least don't remember details) there's no evidence - in the general public - that these players have directed/forced the individual corporations to implement their harmful DEI policies so it may be a matter of "discovery", so to speak. In other words, the strategy may be to sue Target, in this example, until which point the CEO-President, etc come forward and say they were directed (or coerced or incentivized) to put these policies in place by the major investor minions. Then I would imagine the lawsuit would expand or shift to include those evil players. I'm sure the WHs know who's behind all this and it's a matter of strategy for disclosure.
If I were sitting on a BoD and the "directive" came down that we had to approve company policy that would financially harm the firm (and, hence, shareholders) I would quit in protest rather than being enmeshed in that crap. In any case, I hope lawsuits like this ultimately lead to those responsible for this, be they the major investor firms or even those behind the curtains forcing them to force this on the corporations.
To answer your question another way, technically the states CAN sue these major investor firms if there's known/documented wrongdoing, but I don't know that it's "known" that they're behind the DEI debacle. Case in point is a lawsuit filed against these investor firms by several states, led by the Texas AG -- https://greatawakening.win/p/199hulxIdY/11-state-attorneys-general-led-b/c/
This is another interesting strategy, IMO. Having states sue corporations when they behave in a way that adversely affects the corporation's market value. The problem is that suing "the corporation" doesn't single out the individuals who are actually responsible for this trash, the cancerous minions who infested so many organizations, companies, etc.
I also want to know why the Board of Directors didn't quash this DEI trash before it became a policy for them. Will they be held accountable? Lots of questions here and it will be interesting to see if this gets off the ground, if it makes progress. One thing I expect is the pockets of rabid leftists in Florida will undoubtedly start caterwauling about racism and Nazis and blah, blah, blah - their stereotypical chorus of marxist attack verbage - over this.
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Direct link -- https://nypost.com/2025/02/20/business/target-sued-by-florida-for-defrauding-shareholders-about-dei/
Might it lead to BoD outting who pressured them to champion the DEI crapola? Also follow the money. Who pumped money to the BoD to go along with this.
Like BlackRock, State Street, Vanguard, etc? That would really blow this whole issue up exponentially as they've got huge influence in many corporations.
Can the states sue these groups
Good question, but I don't know for sure. At this point afaik (or at least don't remember details) there's no evidence - in the general public - that these players have directed/forced the individual corporations to implement their harmful DEI policies so it may be a matter of "discovery", so to speak. In other words, the strategy may be to sue Target, in this example, until which point the CEO-President, etc come forward and say they were directed (or coerced or incentivized) to put these policies in place by the major investor minions. Then I would imagine the lawsuit would expand or shift to include those evil players. I'm sure the WHs know who's behind all this and it's a matter of strategy for disclosure.
If I were sitting on a BoD and the "directive" came down that we had to approve company policy that would financially harm the firm (and, hence, shareholders) I would quit in protest rather than being enmeshed in that crap. In any case, I hope lawsuits like this ultimately lead to those responsible for this, be they the major investor firms or even those behind the curtains forcing them to force this on the corporations.
To answer your question another way, technically the states CAN sue these major investor firms if there's known/documented wrongdoing, but I don't know that it's "known" that they're behind the DEI debacle. Case in point is a lawsuit filed against these investor firms by several states, led by the Texas AG -- https://greatawakening.win/p/199hulxIdY/11-state-attorneys-general-led-b/c/