(Chris Parker, Headline USA) Netflix recently shocked fans with a memo that warned woke employees against shutting down artistic expression. Since then, a number of conservative shareholder activists are putting more pressure on woke companies, reported the Washington Times.
Several large companies, including Kohls and Disney, have seen their earnings drop after supporting “woke” policies and ideologies. This proves troubling for all shareholders, but particularly those who don’t agree with liberal biases. That’s why they’re putting more emphasis on artistic expression and less on left-leaning activism.
Even when the boards reject their proposals, conservative shareholders have still used them to expose liberal activism among large companies. These include ConocoPhillips, CVS Health, Verizon, and others who tend to keep their political biases out of public view.
“Momentum continues to build for shareholders’ rights and against woke activism,” said Elaine Parker, president of the Job Creators Network Foundation
“We are winning, but some of the most important fights are still to come.”
Shareholders are also concerned that more emphasis on woke policies may lead to poor decisions for the business. Conservative shareholders recently overturned an attempt to replace 10 board members at Kohls. Board members also voted against racial hiring quotas at CVS Health.
Members of the National Legal and Policy Center, an activist organization that purchases stock in large corporations, are also demanding more financial transparency about donations to liberal candidates and causes. Verizon was found to have made significant donations to the Black Lives Matter riots that gripped America in 2020. The company never disclosed how much it donated in financial reports.
The communications giant also refused to disclose details of its affiliation with the Chinese Communist Party. Verizon is among the many US companies riddled with members of the Chinese Communist Party, according to a report by the New York Post. Shareholders are concerned by these partnerships, especially given the CCC’s history of human rights violations and its growing affiliations with the Democrat party.
So far, the public is expressing approval of the work that conservative shareholder activists are doing. Polls show that only 36% of voters approve of big corprations taking a stance on divisive issues.
The poll showed that at most, it looked more like pandering than authentic advocacy. Also, a majority of Americans support Elon Musk‘s buyout of Twitter, perhaps one of the most significant activist moves in recent history.