Free Enterprise Project February 2022 Newsletter

FREE ENTERPRISE PROJECT REMINDS CEOS OF DUTIES TO SHAREHOLDERS — NOT BLACKROCK’S LARRY FINK

In his annual letter to CEOs, BlackRock CEO Larry Fink reveals that he doesn’t understand (or pretends not to understand) capitalism.
He makes overtly absurd claims about the non-partisan nature of his demands to the corporations in which his clients have invested. He misunderstands his fiduciary duty. And he fails to recognize that his vision for the future is already failing, in the United States and all around the world. READ MORE

LARRY FINK’S 2022 LETTER TAKES US BACK TO 1984; FEP RESPONDS TO HIS PREPOSTEROUS CLAIMS

BlackRock CEO Larry Fink thinks pushing American companies into adopting arbitrary carbon-reduction goals and selecting directors and employees based on skin color, sex and sexual orientation rather than skills and experience “is not a social or ideological agenda.”
In his annual letter to CEOs, he actually tried to portray this agenda as somehow the epitome of caring, nonpartisan capitalism rather than his own ideological whims. READ MORE

TAKE ACTION

DIRECTV has announced plans to drop One America News Network (OANN) from its offerings. This is an obvious attempt to silence conservative voices.
OANN provides critical news analysis and conservative opinion that is desperately needed due to the extreme liberal bias of most major media outlets.
Let’s stand with OANN and tell DirecTV and AT&T to keep OANN on the air. SIGN THE PETITION

VISA SLAMMED FOR SPONSORING THE BEIJING OLYMPICS

Visa refused to address its investors’ concerns about its sponsorship of the “Genocide Olympics.” READ MORE

ICYMI: SOUKUP PROVIDES ESG 101

FEP ally Steve Soukup, author of ‘The Dictatorship of Woke Capital,’ provides a much-needed resource for those of us pushing back against the liberal ESG agenda.
He defines key terms and frames ESG for what it really is: a tactic. READ MORE

WALGREENS’S DECEIT EXPOSED IN SHAREHOLDER MEETING

Walgreens investors learned that the company’s stated commitment to all of its stakeholders, as outlined in the Business Roundtable’s Statement of the Purpose of a Corporation, was a public-relations effort rather than a real change in stance. READ MORE

COSTCO OPPOSES FEP’S CALL FOR MORE TRANSPARENCY OVER CHARITABLE GIVING

At Costco’s annual shareholder meeting, Costco executives opposed FEP’s shareholder proposal seeking transparency in disclosing the company’s charitable giving. READ MORE

FREE ENTERPRISE PROJECT (FEP)
TOP 10 VICTORIES OF 2021

FEP has made great strides this year against Woke Capitalism. Please take a moment to celebrate our victories with us.
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The National Center for Public Policy Research is a communications and research foundation supportive of a strong national defense and dedicated to providing free market solutions to today’s public policy problems. We believe that the principles of a free market, individual liberty and personal responsibility provide the greatest hope for meeting the challenges facing America in the 21st century.