Authored by Kevin Stocklin via The Epoch Times,
As companies gear up for an economic downturn, cutting costs and staff, CEOs might want to heed the rising voice of consumers who want them to focus on business rather than politics.
According to a poll this week of more than 1,000 likely voters by the Trafalgar Group and Convention of States Action (COSA), nearly 80 percent said that, given the choice, they are more likely to buy from a company that is politically neutral. In a rare case of bipartisan consensus, both Democrats (76.9 percent) and Republicans (78.8 percent) felt this way in roughly equal measure.
Mark Meckler, COSA president, told The Epoch Times that the message to CEOs was: “Go back to doing what you were hired to do, which is to make money for shareholders.”
“This is a blowback that’s coming,” Meckler said.
“It’s coming big time against all this ‘woke’ politics in business. It’s not even that folks want their companies to reflect their politics; they want their companies, the people they buy from, to just ignore politics.”
Results of the February 2022 Poll by Trafalgar Group and COSA.
Disney is a cautionary tale for CEOs, he said. Disney has become a left-wing political advocate in recent years, introducing sexual content and a “not-at-all-secret-gay-agenda” into children’s programs, promoting critical race theory and demanding reparations through shows like “The Proud Family,” and fighting a parents’ rights law in Florida that bans sexual topics in public school for kids in third grade or younger.
This has been off-putting for some Disney customers, and the company’s share price has been hammered by shortfalls in subscribers to the Disney+ Channel, claims of a hostile work environment by conservative staffers, and retaliatory actions by the state of Florida to revoke the privileged status of Disney’s main theme park near Orlando.
“Capitalism, luckily for all of us, is a force of nature,” Meckler said. “You either make profits or you don’t, and ultimately companies that don’t make profits are going to be punished in the marketplace. I think one of the things you’re going to start to see is companies proclaiming their neutrality,” he said, “just staying out of politics. And I think that would be much healthier for the country as well.”
Protesters rally in opposition to The Walt Disney Company’s stance against a recently passed Florida law outside of the company’s headquarters in Burbank, Calif., on April 6, 2022. (Jill McLaughlin/The Epoch Times)
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And in addition to consumers, investors seem also to want companies to focus on business over politics. A 2022 survey by Consumers’ Research of 2,000 retail investors found that 70 percent of them said their primary goal is to save for retirement or generate income, versus 3 percent who invested for ESG goals like fighting climate change or social justice.
Despite this, the U.S. Securities and Exchange Commission (SEC) moved in March 2022 to implement a new requirement that all listed companies produce annual audited reports on the carbon emissions of their company and all suppliers and customers, as well as a plan to reduce them.
The SEC, established to protect small investors from securities fraud, claimed as justification that investors were demanding this information. However, the investors who support the SEC rule appear to be large institutional asset managers and progressive state pension fund managers rather than the people who depend on those investments to fund their retirement.
Convention of States
COSA, which co-sponsored the consumer survey, is an organization that is working to organize a convention of states, according to a provision in the Constitution that allows amendments to be written by a coalition of three-quarters of U.S. states. This movement seeks to rein in the power of the federal government through provisions like term limits for Congress and federal officials, budget caps, and other provisions to de-centralize America’s political system and return more power to state governments.
“We’re starting to see movement in this direction generally,” Meckler said, “and it’s because people, regardless of party, are fed up with Washington D.C.”
Currently, 19 states have fully approved legislation calling for a convention of states, seven states have approved the measure in one legislative chamber, and 11 states are considering legislation this year.
State-by-state progress in approving a convention of states (source: conventionofstates.com)
“The only way we stay together as a nation is by coming apart, and the way that we come apart and still stay together is by being a federalist nation,” Meckler said.
...
Authored by Kevin Stocklin via The Epoch Times,
As companies gear up for an economic downturn, cutting costs and staff, CEOs might want to heed the rising voice of consumers who want them to focus on business rather than politics.
According to a poll this week of more than 1,000 likely voters by the Trafalgar Group and Convention of States Action (COSA), nearly 80 percent said that, given the choice, they are more likely to buy from a company that is politically neutral. In a rare case of bipartisan consensus, both Democrats (76.9 percent) and Republicans (78.8 percent) felt this way in roughly equal measure.
Mark Meckler, COSA president, told The Epoch Times that the message to CEOs was: “Go back to doing what you were hired to do, which is to make money for shareholders.”
“This is a blowback that’s coming,” Meckler said.
“It’s coming big time against all this ‘woke’ politics in business. It’s not even that folks want their companies to reflect their politics; they want their companies, the people they buy from, to just ignore politics.”
Results of the February 2022 Poll by Trafalgar Group and COSA.
Disney is a cautionary tale for CEOs, he said. Disney has become a left-wing political advocate in recent years, introducing sexual content and a “not-at-all-secret-gay-agenda” into children’s programs, promoting critical race theory and demanding reparations through shows like “The Proud Family,” and fighting a parents’ rights law in Florida that bans sexual topics in public school for kids in third grade or younger.
This has been off-putting for some Disney customers, and the company’s share price has been hammered by shortfalls in subscribers to the Disney+ Channel, claims of a hostile work environment by conservative staffers, and retaliatory actions by the state of Florida to revoke the privileged status of Disney’s main theme park near Orlando.
“Capitalism, luckily for all of us, is a force of nature,” Meckler said. “You either make profits or you don’t, and ultimately companies that don’t make profits are going to be punished in the marketplace. I think one of the things you’re going to start to see is companies proclaiming their neutrality,” he said, “just staying out of politics. And I think that would be much healthier for the country as well.”
Protesters rally in opposition to The Walt Disney Company’s stance against a recently passed Florida law outside of the company’s headquarters in Burbank, Calif., on April 6, 2022. (Jill McLaughlin/The Epoch Times)
…
And in addition to consumers, investors seem also to want companies to focus on business over politics. A 2022 survey by Consumers’ Research of 2,000 retail investors found that 70 percent of them said their primary goal is to save for retirement or generate income, versus 3 percent who invested for ESG goals like fighting climate change or social justice.
Despite this, the U.S. Securities and Exchange Commission (SEC) moved in March 2022 to implement a new requirement that all listed companies produce annual audited reports on the carbon emissions of their company and all suppliers and customers, as well as a plan to reduce them.
The SEC, established to protect small investors from securities fraud, claimed as justification that investors were demanding this information. However, the investors who support the SEC rule appear to be large institutional asset managers and progressive state pension fund managers rather than the people who depend on those investments to fund their retirement.
Convention of States
COSA, which co-sponsored the consumer survey, is an organization that is working to organize a convention of states, according to a provision in the Constitution that allows amendments to be written by a coalition of three-quarters of U.S. states. This movement seeks to rein in the power of the federal government through provisions like term limits for Congress and federal officials, budget caps, and other provisions to de-centralize America’s political system and return more power to state governments.
“We’re starting to see movement in this direction generally,” Meckler said, “and it’s because people, regardless of party, are fed up with Washington D.C.”
Currently, 19 states have fully approved legislation calling for a convention of states, seven states have approved the measure in one legislative chamber, and 11 states are considering legislation this year.
State-by-state progress in approving a convention of states (source: conventionofstates.com)
“The only way we stay together as a nation is by coming apart, and the way that we come apart and still stay together is by being a federalist nation,” Meckler said.
…
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