Anson Frericks, a former executive at Anheuser-Busch, shared with "Jesse Watters Primetime" that the woke corporate governance causing fiscal damage to companies like Anheuser-Busch and Target, usually begins with investment firms exerting pressure to behave in certain ways.

Frericks said that investment firms like New York-based BlackRock and Pennsylvania-based Vanguard are the ones politicking and leading up to these decisions. BlackRock, Vanguard, and State Street collectively manage $20 trillion in capital, which is not their money but of the investments made by mutual funds and state pension funds of Americans.

Frericks mentioned that one of these firms manages California's pension fund, and therefore, California politicians can have a say in the corporate governance and politicking of the firms they invest so heavily in. Frericks said that these investment firms tell BlackRock, State Street, and Vanguard that if they are going to manage their money, they have to commit to things like ESG (diversity, equity, inclusion) and adopt firm-wide commitments that they then force onto all the major companies in corporate America.

Anson Frericks, a former executive at Anheuser-Busch, shared with "Jesse Watters Primetime" that the woke corporate governance causing fiscal damage to companies like Anheuser-Busch and Target, usually begins with investment firms exerting pressure to behave in certain ways.
Frericks said that investment firms like New York-based BlackRock and Pennsylvania-based Vanguard are the ones politicking and leading up to these decisions. BlackRock, Vanguard, and State Street collectively manage $20 trillion in capital, which is not their money but of the investments made by mutual funds and state pension funds of Americans.
Frericks mentioned that one of these firms manages California's pension fund, and therefore, California politicians can have a say in the corporate governance and politicking of the firms they invest so heavily in. Frericks said that these investment firms tell BlackRock, State Street, and Vanguard that if they are going to manage their money, they have to commit to things like ESG (diversity, equity, inclusion) and adopt firm-wide commitments that they then force onto all the major companies in corporate America.

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