Justin Danhof
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Articles by Justin Danhof
DEI Maroons Its First Astronauts
Editor's Note: This column was co-authored by Matt Cole. Boeing’s misaligned priorities have caused yet another high-profile spectacle — this time marooning two astronauts in space — as faulty parts and critical errors have put lives at risk, illustrating that heavily-prioritized social and environmental goals lead to dangerous situations and financial losses.
COLE AND DANHOF: Chipotle Makes DEI Move Rife With Negative Consequences
Chipotle shareholders in June again voted on pay packages that rewarded executives for meeting DEI goals. But this year, there was a change: following efforts to convince companies to drop the practice, Chipotle switched from rewarding leadership for increasing workforce diversity to rewarding them for reducing turnover of existing minority workers. This may sound like a step towards ending discriminatory employment practices, but it’s actually a big step back.
DANHOF: Disney Did Everything They Could To Prevent Meaningful Change In The Company
On Wednesday, Disney won a hard-fought battle to keep its current leadership intact, fending off shareholders fed up with Disney’s unprofitable foray into the culture wars, who were demanding change from the top, a position that Strive wholeheartedly agreed with. Looking a gift horse in the mouth, Disney made its priorities clear with this fight — cultural appeasement meant more to this board than fixing the business. It also demonstrated the lengths to which it was willing to go to prove it.
DEI on the Corporate Ballot: Strive’s Predictions for 2024
dei, director elections, ESG, Executive Compensation, Proxy season, Proxy voting, Shareholder activism More from: Justin Danhof , Strive Asset Management Justin Danhof is Executive Vice President, Head of Corporate Governance at Strive Asset Management. This post was prepared for the Forum by Mr. Danhof. Related research from the Program on Corporate Governance includes The Perils and Questionable Promise of ESG-Based Compensation (discussed on the Forum here) by Lucian A.
Beware the guide for investors to avoid firms that put politics over looking after your money Original
Investors thought they had reason to celebrate: A new report scores Wall Street firms on whether they put politics over their clients’ financial interests, and many firms got passing grades. BlackRock, the world’s largest asset manager, received an adequate “C” score. Investment giant Vanguard got a perfect “A.” But if the news seems too good to be true, that’s because it is.
Stiff headwinds for civic education
[On April 13, AEI’s Robert Pondiscio spoke at Harvard’s Program on Education Policy and Governance’s Colloquium Series , responding to Dr. Danielle S. Allen’s presentation on the Roadmap to Educating for American Democracy , a framework for teaching civics and history to K-12 students, which includes themes, guiding questions and other teaching resources. Dr. Allen suggested that “aspirational federalism” would drive adoption of the Roadmap.
Why work requirements are less about welfare savings than about human well-being
Most Americans think that work in exchange for government benefits is common sense. For safety-net benefits, work-capable beneficiaries should begin to work, look for work, or participate in education and training at least part time. That’s a reasonable ask and essential to long-term well-being. The Republicans in the House of Representatives get that.
After years of violence on the streets, AOC pretends to care about incitement again Original
The First Amendment is one of several foundational pillars that make the United States unique in its almost-unwavering written protection of religion, protest, and most importantly of all, speech. But like all freedoms, there are exceptions.
Republicans to debut long-awaited border bill in immigration overhaul
Republicans on Monday will debut comprehensive border security legislation in the House that has been years in making, the Washington Examiner has learned. On Monday, the House Homeland Security Committee will debut key legislation that Republicans have spent two years working on, most notably over the past three months through meetings with federal law enforcement and nongovernmental organizations during trips to the U.S.-Mexico border and hearings in Washington.
Cuts to discretionary spending won't solve America’s debt crisis
Once again, we have a debate over raising the debt ceiling . Prior to World War I, Congress voted each time the treasury secretary wanted to issue debt. But with the passage of the Second Liberty Bond Act in 1917, Congress set a dollar amount on the debt the Treasury can issue and only has to vote when the Treasury needs to issue additional debt above the set amount. When called upon to raise the debt limit, Congress has always acted.
How leftist activists hijacked corporate America
Social justice activists often don disguises. Animal rights activists pose as farmworkers to film footage in secret. Eco protesters pose as museumgoers to glue themselves to art. But the latest trend is something new: Leftists are posing as corporate investors. Why? Because investors own companies, and companies have power. Climate change warriors can chain themselves to every tree in the rainforest, but without the support of the public, they aren’t going to get very far.
Disney investors at risk for one big reason and the company doesn’t want to admit it
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Disney investors at risk for one big reason and the company doesn’t want to admit it Original
NEWYou can now listen to Fox News articles! Disney may be in the business of storytelling, but it’s time for the company to get straight with its shareholders — at least when it comes to Disney’s entanglements with China. On Monday, April 3, Disney will hold its shareholder meeting — an annual event where the company invites shareholders to hear from Disney’s leadership and make recommendations of their own.
Is environmental, social and corporate governance (ESG) illegal?
OPINION: In his first novel, “Crome Yellow,” Aldous Huxley warned: “[t]o be able to destroy in good conscience, to be able to behave badly and call your bad behavior ‘righteous indignation’ — this is the height of psychological luxury, the most delicious of moral treats.” ESG (environmental, social and corporate governance) has reached such a height of psychological luxury that it’s frankly becoming illegal.
As State Energy Interests Clash, BlackRock Is In An ESG Bind Original
Hell hath no fury like a comptroller scorned; just ask Larry Fink. The CEO of the world’s largest asset manager, BlackRock, is currently embroiled in an uncomfortable ménage à trois with Texas Comptroller Glenn Hegar and NYC Comptroller Brad Ladner. Embrace fossil fuels, says Texas. Denounce them, says New York. So far, BlackRock has inexplicably tried to do both, hoping that the promises whispered in the ears of certain states wouldn’t be heard by others.
As Energy Interests Clash, Corporate America’s Green Dream Is Stuck Between BlackRock And A Hard Place
Large asset managers like BlackRock can manage investments for either socially minded clients or financially minded clients - but not both.
A Record Number Are Quitting Their Jobs And Starting Businesses
In what’s now being called the “Great Resignation,” a record number of employees have quit their jobs since the lockdowns started. Month after month since 2020, the number of people leaving jobs voluntarily has broken historical records. All told, some 36.3 million people quit in 2020. Through November of 2021, some 43.1 million Americans quit their jobs, according to the Bureau of Labor Statistics (BLS). That’s approximately one-quarter of working Americans.
Why Is American Express Blocking An Audit Of Its Race-Based Training?
American Express pledged a whopping $1 billion to advance “social justice,” yet the company is trying to hide some of those supposed racial justice efforts from the light of day. Recently, the company’s top lawyer petitioned the federal government seeking its permission to block the contents of American Express’s race-based employee training programs, among other racial initiatives, from public view. The feds should not abide the charge card giant’s attempted obfuscation.
Podcasts - Wall Street Goes Woke on Climate, Throttles Reliable Energy
Check out out conversation with Justin Danhof, the conservative movement’s foremost shareholder activist. Were you surprised when Exxon shareholders voted to appoint three left-wing climate change activists to its board of directors earlier this year? Danhof and his team weren’t. He unpacks how activist investors have teamed up with woke capital on Wall Street to rig the corporate proxy ballot and explains what that means for the future of American energy production.
Justin Danhof: Vote the Corporate Bums Out
After being disappeared, the social media platform Parler found its way back to the Internet two weeks ago. It was an arduous journey that shows how widespread the left’s desire is to cancel conservative organizations, people, speech, and ideas. In early January, Apple, Google, and Amazon teamed up to kick Parler, a social media company favored by conservatives, off the Internet.
Podcasts - Fighting Big Tech Social Media Censorship (Guest: Justin Danhof)
January 21, 2021 By H. Sterling Burnett, Justin Danhof Big social media companies are colluding with Democrats to suppress political speech and deplatform conservatives. Big social media companies driven not by profit and the good of their shareholders but by the leftist ideology are colluding with Democrats to suppress political speech and deplatform conservatives. This poses a huge threat to the continuation of a free constitutional republic.
Nasdaq Wants To Push Companies To Hire Fewer White, Straight Men
Nasdaq seeks to coerce company boards to adhere to new 'diversity' quotas based on race, sex, and sexual behavior.
Nasdaq Wants To Push Companies To Hire Fewer White, Straight Men
Wall Street has always hated Main Street. Never before, however, has it been so open and brazen in wielding that animus. Take, for example, Nasdaq’s recent pronouncement that it plans to delist any company from its exchange that won’t appoint board members based on how they look, whether they have sex with the “right” people, or identify as a letter in the LGBT lexicon.
Labor Department Demands Microsoft Explain Its Racist Hiring Practices
After Microsoft’s recent announcement that it will “double the number of Black and African American people” within its leadership ranks, the Department of Labor has notified the company that its pledge smacks of good old-fashioned racism. As a federal contractor, Microsoft cannot engage in racism of any kind. The Labor Department noted that the company’s announcement “appears to imply that employment action may be taken based on race.” The department has made clear that this is illegal.
Trump’s Labor Department Demands Microsoft Explain Its Racist Hiring Practices
If the Labor Department is inclined to look into other companies, its staff would likely be very busy rooting out similar racist practices.
Is Progressive Insurance Hostile Toward the Unborn? – InsideSources
Progressive Insurance CEO Tricia Griffith seems very proud of her company’s work with an obscure organization called “As You Sow.” She shouldn’t be. While the group’s name is an ode to biblical language, As You Sow is no religious faction. As You Sow (AYS) is a decidedly left-leaning umbrella organization of investor groups working to bend corporate America to its political will. And it has been wildly successful. This year, AYS decided to use corporate America as a weapon in its war on babies.
Why Jeff Bezos's Pledge To Congress On Amazon Smile Means Nothing
Four of the world’s most powerful tech CEOs — Apple’s Tim Cook, Google’s Sundar Pichai, Facebook’s Mark Zuckerberg, and Amazon’s Jeff Bezos — came to Capitol Hill, via a live video feed in a highly publicized congressional hearing, to ostensibly defend their respective companies from claims that they are too big and should be broken up.
Justin Danhof: Cancel Culture Comes for Your Retirement
The Labor Department just did something extraordinary. It spoke truth in a time of great untruth. When so many in politics, academia, the media and – increasingly – business are telling wild falsehoods, Labor Secretary Eugene Scalia emerged as one of the few remaining honest brokers in public life. Labor announced a proposed rulemaking striking at the heart of the big lie surrounding environmental, social, and governance (ESG) investing.
The Proxy Voting War Is One That Right Needs to Engage In
(Steve Apps/Wisconsin State Journal via AP) rals used to abhor "big business," railed against monopolistic markets, and complained about allegedly rigged votes. But now that big business regularly supports liberal causes and a... Libe Read Full Article » Show comments Hide Comments Related Articles
Disgraced SPLC Blacklisting Charities from 'Amazon Smile'
Why is one of America’s most discredited and polarizing nonprofits allowed to control the charitable giving program of one of America’s richest companies? And why is that nonprofit allowed to reap a windfall from that charitable program while restricting access to organizations with which it disagrees politically? These are questions that someone at the Internal Revenue Service (IRS) really needs to start asking.
Andy Biggs, Gordon Chang, Ken Blackwell, Justin Danhof
Andy Biggs, Gordon Chang, Ken Blackwell, Justin Danhof March 13, 2020 - complete program Today’s show features: Andy Biggs, U.S. Representative for the 5th District of Arizona, on Speaker Pelosi’s attempt to hide abortion funding in the coronavirus bill.
Justin Danhof: Corporations Killing Their Customers - Literally
Why do so many American companies support the extermination of millions of potential future customers? It’s a question that the media really needs to start asking corporate executives. After all, more than three dozen major American businesses fund Planned Parenthood – America’s leading abortion mill.
Feds Green Light Corporate Discrimination Against Conservatives
It’s 2020, and the federal government just sanctioned corporate blacklisting of employees and potential hires based on political affiliation. You could be forgiven for thinking I am describing 20th-century McCarthyism, or 17th-century witch trials, or even a twist on a George Orwell novel. But sadly, no. It’s 2020, and it appears much of our government’s historically backward thinking remains. A few months ago, we at the Free Enterprise Project filed a shareholder resolution with Apple.
When The Bully Controls The Search Engine
The Pancake of Heaven! Following President Donald Trump’s election in 2016, employees and management at Google gathered together for a community discussion. What transpired was wailing, gnashing of teeth, and a collective disbelief that Trump had won. These Silicon Valley elites weren’t just upset that their preferred candidate Hillary Clinton had lost; they were particularly outraged because they thought Google had done enough to ensure Clinton’s victory.
The Right Should Use The Left's Playbook To Change Corporate Culture
Walmart CEO Doug McMillon’s announcement last week that the company would stop selling most guns and ammunition is drawing praise across the liberal political spectrum and especially in the liberal press. Walmart, although long a villain of leftist activists and the press, is suddenly a corporate darling. For conservatives, it is worth noting just how this happened.
Business Roundtable becomes one bloated bullseye
King Arthur set up his legendary roundtable in a circle to show his comrades they were at a table of equals. Breaking from the mold of an all-powerful king with subjugated servants, there was no “head” of the roundtable. Last week, the CEOs that make up the Business Roundtable made a similar decree that all corporate stakeholders now are considered equal. The ramifications are profoundly disturbing.
I Was Called A KKK Member For Asking Amazon For Ideological Diversity
What do the terms Klan member, racist, and book burner all have in common? They were all charges leveled at me during Amazon’s annual meeting of shareholders held recently in Seattle. What did I do to warrant such vitriol? I proposed that Amazon consider increasing viewpoint diversity among its leadership. This year, Amazon faced more shareholder proposals than did any other publicly traded company.
Oh, how they all hate Howard
On April 4, Fox News hosted a heavily hyped town hall event with former Starbucks CEO Howard Schultz. Even though he was born and raised in New York City, Schultz’s path to the Fox News studios in Manhattan has been a strange journey indeed. Perhaps most folks would have assumed that such an event would only have occurred on a left-leaning station, such as MSNBC, CNN, or CNBC. After all, Schultz is a lifelong Democrat who has helped elect liberal politicians for decades.
Apple Isn't So Interested In Diversity After All
Apple Isn't So Interested In Diversity After All
Apple Isn't So Interested In Ideological Diversity
In a recent federal filing before the U.S. Securities and Exchange Commission, lawyers for Apple (AAPL) maintained that the tech giant should not have to consider increasing its leadership's ideological diversity and that arguments made in support of greater viewpoint variance were "without merit." X The SEC disagreed, sending Apple's legal team a stunning rebuke.
CVS Makes Plans To Ration Customers’ Health Care
CVS Caremark customers throughout America recently received bad news as the retail pharmaceutical chain officially closed on its $69 billion acquisition of Aetna. This is bad news because CVS is now working with a nonprofit “health” advisor that may ration customers’ health care choices. In August, CVS announced a partnership with the Institute for Clinical and Economic Review (ICER), a nonprofit group that bills itself as a medical review board.
Meet The 'Bipartisan' Billionaire Couple Funding Planned Parenthood
Why would a billionaire couple who funds the abortion industry be ashamed of it? It’s not an easy question to answer. After all, liberals frequently spend enormous resources and political capital to promote abortion and attack anyone who supports the right to life. However, one particular billionaire couple seems to be trying to hide their support for abortion. They are Laura and John Arnold, the husband and wife in charge of the Houston-based Laura and John Arnold Foundation.
Get Your Gun, Before Laura Arnold Does – InsideSources
If I told you that a liberal billionaire couple was spending a small fortune to try to muzzle the National Rifle Association and erode Second Amendment rights, you might logically guess that they were from Hollywood or New York City. But you would be wrong. The elitist couple is Laura and John Arnold. They are based in Houston. And they are coming for your guns.
Meet The Mini George Soroses - The Laura and John Arnold Foundation
One of Sun Tzu's maxims about battle translates to this: "The supreme art of war is to subdue the enemy without fighting." X I have never met billionaire John Arnold, but I imagine he's read Tzu's, "The Art of War." Making up half the namesake of the Laura and John Arnold Foundation, he has become quite adept at subduing his ideological enemies — of whom he has many. Importantly, those folks need to become very clear-eyed about his motives and tactics.
The NFL Rooney Rule Runs Amok In Corporate Boardrooms
The NFL Rooney Rule Runs Amok In Corporate Boardrooms In America, race-based policies are expanding not contracting. Rather than reaching down to lower-level schools, affirmative action policies are now exponentially expanding into corporate America. In recent weeks, Amazon , Alphabet, and Facebook have announced updated diversity policies for selecting new directors. Read Full Article »
Amazon, Alphabet And Facebook Embrace Race-Based 'Diversity' Hiring For New Directors
Supreme Court Chief Justice John Roberts once wrote that the "way to stop discrimination on the basis of race is to stop discriminating on the basis of race." He wrote those words in a 2007 opinion that turned back Seattle's race-based efforts to implement affirmative action-type policies to its local school district. While that case garnered a race-neutral result, his broader message seems to have fallen on deaf ears. X In America, race-based policies are expanding not contracting.
Disney Tried To Silence Critics At Its Shareholder Meeting, And It Backfired
Disney CEO Bob Iger's preferred presidential candidate in 2016, Hillary Clinton, suffered a humiliating defeat to Donald Trump despite obvious support from the mainstream media. Perhaps the most egregious example of media bias was when then-CNN analyst Donna Brazile effectively helped stage a debate during the primaries when she leaked questions to the Clinton campaign. X At its 2018 shareholder meeting, Walt Disney Co. (DIS) staff tried a similar tactic and were left similarly humiliated.
In Gun Debate, Big Business Lines Up Yet Again As Left's Guns For Hire
The presumption that big business and conservatives will march in lockstep because of shared views on macroeconomic policy is a bygone, and conservatives have no one to blame but themselves. Liberals in need of patsies to carry their water need look no further than the nearest Fortune 500 company these days, and conservatives continue to give these big businesses a pass at their peril. Corporate America has become the muscle of American liberalism.
Corporate Support for NFL Kneeling Will Cost Customers at Nike, ESPN and Elsewhere
Judy Kent at (703) 759-7476 or cell (703) 477-7476 or [email protected] and David W. Almasi at (703) 568-4727 or [email protected] Washington, D.C. - The politicization of professional sports, starkly apparent to all after several players took a knee during the playing of the National Anthem last weekend, is an issue the National Center for Public Policy Research has been addressing at the corporate level for years.
I Confronted Google About Its Liberal Groupthink At A Shareholder Meeting - Here's What Happened Next
In the name of diversity, Google just killed diversity. While that may sound like a sentence out of a Lewis Carroll novel, it's the stark reality of the modern-day liberal groupthink that pervades much of America's academic and corporate cultures. The titans of Silicon Valley roaming the halls of Google's sprawling Mountain View, California campus represent the epitome of this totalitarian mindset.
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