What Peter Thiel’s new investment fund gets wrong about climate change ...Middle East

Economy by : (Quartz) -
Contrarian tech billionaire Peter Thiel and hedge fund billionaire Bill Ackman are backing a new asset management firm that aims to get companies to stop making business decisions for political reasons, and instead focus on short-term stock gains.The fund, called Strive, will be led by Woke, Inc. author Vivek Ramaswamy, who told the Wall Street Journal he wants to push back against the hegemony of “Big Three” asset managers like BlackRock and Vanguard; Ramaswamy characterized the Big Three as a left-wing “ideological cartel” that pushes environmental, social, and governance initiatives at companies in which they are invested. As evidence of this trend, he pointed to last year’s board of dire

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