Author: Scott Shepard

Diversity DEI discrimination

States Can Stop the Outsourcing of Race Discrimination by Corporations

FEP Commentary /
Last week The Federalist published an important story detailing how various companies are “laundering” or “out-sourcing” their efforts to discriminate against so-called “non-diverse” employees on the basis of race, sex and orientation to non-profits, charities and public benefit corporations. It reported that [i]n response to ...
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Sneaky businessman Executive Self Dealing

Frustrate the New Discrimination With National Declaration Day

FEP Commentary /
Conservatives have for some time taken to quoting Saul Alinsky that would-be reformers should “[m]ake the enemy live up to its own book of rules.” Often the quote is deployed in tandem with frustration at how hard it is to do that ...
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carbon emissions

Scott Shepard: If Carbon Emissions Are ‘Material Disclosures,’ So Is Everything Else

FEP Commentary /
Recent reports suggest that Gary Gensler, the hard-left Chairman of the Securities & Exchange Commission (SEC), has realized that his proposed carbon-disclosure rule is so sweeping and costly as to guarantee that the courts will strike it down. He is now mulling ...
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The Wokification of Corporate Life Is No Kind of Capitalism

The Wokification of Corporate Life Is No Kind of Capitalism

FEP Commentary /
Concerns about ChatGPT – which is an amazing new artificial-intelligence program that can write better than the average Buzzfeed writer and perhaps (a harder test) the average undergraduate (unless it’s just a mirage) – sparked concern among both writers, who realized that they ...
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Larry Fink BlackRock

With Davos 2023 Wrapped, How To Cease Being a Comic Book Villain

FEP Commentary /
I was told recently by someone in a position to know that Larry Fink has been hurt by my having referred to him in these pages as a comic-book villain. My first reaction, this insight arising in a discussion with ...
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JPMorgan

Is Jamie Dimon Aware of the Partisan Double Standard Inside His Bank?

FEP Commentary /
Vis Raghavan, co-head of global investment banking at JPMorgan Chase, reported recently that most of the company’s employees had returned to working in the office. Maybe it’s time for CEO Jamie Dimon to spend a little more time there as well, as ...
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BlackRock

BlackRock Accidentally Admits Role In Reversal of Economic Good Times

FEP Commentary /
In its 2023 Global Outlook, BlackRock rued the close of what it called the Great Moderation, the 40-odd years since the policies of Reagan and Thatcher brought forth from the malaise of inflation and stagnation a great flourishing of human creativity ...
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BlackRock

Red States Have Begun Pulling Money from BlackRock. Now What?

FEP Commentary /
This commentary by Free Enterprise Project Director Scott Shepard was originally published at RealClearMarkets. An ever-growing series of red states have pulled some or all of their assets from BlackRock’s management in light of that company’s oft-repeated commitment to ignore ...
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Disney shareholders

Cosmetic Changes at Disney and Vanguard Don’t Necessarily Signal ESG Retreat

FEP Commentary /
The fight against ESG will be long and hard – and anyway is just the opening campaign in a much, much longer fight against the leftists’ takeover the of the social, cultural, educational and governmental power centers of western life. The proponents ...
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Klaus Schwab WEF Agenda

Formerly In the Soviet Union, the Locus of Evil Resides In Davos

FEP Commentary /
Good heavens, it’s been an ugly, stupid few weeks for American corporate executives and the companies they lead, hasn’t it? Even uglier and stupider than the usual new depths they’ve reached since the “mostly peaceful” summer of 2020 – which ...
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