Ramaswamy’s Strive takes new swipe at ESG priorities
Oct. 25, 2022
The firm led by activist investor Vivek Ramaswamy is launching a new nationwide campaign aimed at getting major corporations to separate growth goals from increasingly polarized cultural issues characterized by environmental, social and governance (ESG).
Driving the news: Starting Tuesday, Strive Asset Management will air digital ads that invoke a spirit of bipartisanship to “promote excellence over ESG priorities” that some view as divisive.
Why it matters: ESG has become a flashpoint between investors and critics who argue the strategy encourages companies to involve themselves in politically-charged, “woke capitalism” that ultimately fails to benefit shareholders.
- In recent months, private equity giant BlackRock, Apple and Disney have found themselves in the crosshairs of anti-ESG efforts. Ramaswamy, who has become a controversial figure in investing circles, has often led the charge.
Read the full article on Axios.