A group of blue state officials are attempting to use their pension funds to kick out the board of ExxonMobil because the firm has successfully sued to block an attempt by an activist group to place a proposal on the company's ballot that is hostile to the oil and gas industry. In addition, these states are pressuring Blackrock, JPMorgan Chase, and other asset managers to also vote against the Exxon board. In this episode of Meeting of Minds, Louisiana Treasurer John Fleming explains that if this unprecedented act of intimidation were to succeed, how devastating it would be to his home state, America, and the world. The Treasurer tells why he has urged the pension plans of Louisiana not to participate in this blue state corporate coup attempt (Treasurer Fleming condemns plot to take over Exxon (kedm.org)), and why his fellow red state treasurers have urged America's largest asset managers also not to participate (U.S. Republican states support Exxon in shareholder activism dispute | Reuters). He explains that what is truly at stake is the modern economy itself. 

A group of blue state officials are attempting to use their pension funds to kick out the board of ExxonMobil because the firm has successfully sued to block an attempt by an activist group to place a proposal on the company's ballot that is hostile to the oil and gas industry. In addition, these states are pressuring Blackrock, JPMorgan Chase, and other asset managers to also vote against the Exxon board. In this episode of Meeting of Minds, Louisiana Treasurer John Fleming explains that if this unprecedented act of intimidation were to succeed, how devastating it would be to his home state, America, and the world. The Treasurer tells why he has urged the pension plans of Louisiana not to participate in this blue state corporate coup attempt (<a href="https://www.kedm.org/louisiana-news/2024-05-23/california-and-other-left-winged-governments-attempt-to-take-over-exxon-through-their-pension-funds" aria-label="Link Treasurer Fleming condemns plot to take over Exxon (kedm.org)">Treasurer Fleming condemns plot to take over Exxon (kedm.org)</a>), and why his fellow red state treasurers have urged America's largest asset managers also not to participate (<a href="https://www.reuters.com/sustainability/boards-policy-regulation/us-republican-states-support-exxon-shareholder-activism-row-2024-05-24/" aria-label="Link U.S. Republican states support Exxon in shareholder activism dispute | Reuters">U.S. Republican states support Exxon in shareholder activism dispute | Reuters</a>). He explains that what is truly at stake is the modern economy itself.

Meeting of Minds brings together the top minds in history, theology, finance, economics, language, mathematics and science. Host Jerry Bowyer invites guests to be both intelligent and clear and to follow truth wherever it leads.

Meeting of Minds brings together the top minds in history, theology, finance, economics, language, mathematics and science. Host Jerry Bowyer invites guests to be both intelligent and clear and to follow truth wherever it leads.

Meeting of Minds Podcast

I talk to the smartest people in the world about the wisest people who have ever lived, and I ask them not to dumb it down and not to follow any party line.

I talk to the smartest people in the world about the wisest people who have ever lived, and I ask them not to dumb it down and not to follow any party line.

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