• Latest
  • All
Hiding in the shadows: former exec sheds light on the force behind woke corporations

Hiding in the shadows: former exec sheds light on the force behind woke corporations

June 5, 2023
Literature and music are being used for spreading ideological propaganda

Literature and music are being used for spreading ideological propaganda

September 22, 2023
Million Person March: Canadians bravely stand up for children, oppose gender indoctrination in schools

Million Person March: Canadians bravely stand up for children, oppose gender indoctrination in schools

September 21, 2023
California allows pro-life outreach center to continue sidewalk campaign near Planned Parenthood clinic

California allows pro-life outreach center to continue sidewalk campaign near Planned Parenthood clinic

September 19, 2023
Senator Hawley calls for investigation into Washington University’s protocols for transitioning minors

Senator Hawley calls for investigation into Washington University’s protocols for transitioning minors

September 19, 2023
Georgia: Government and Church united in opposing the spread of LGBT propaganda

Georgia: Government and Church united in opposing the spread of LGBT propaganda

September 18, 2023
Archbishop Viganò’s sermon highlights evil of abortion and its connection to Satanism

Archbishop Viganò’s sermon highlights evil of abortion and its connection to Satanism

September 18, 2023
Family in Iran is under attack through media and virtual space

Family in Iran is under attack through media and virtual space

September 13, 2023
Laurence Fox speaks out against ruling limiting girl’s right to life-supporting treatment

Laurence Fox speaks out against ruling limiting girl’s right to life-supporting treatment

September 12, 2023
Thumbs up–spotlight on the good things happening in the world

Novak Đoković: I’m sad that sport has become a business through betting bars

September 12, 2023
Trump announces intent to defund “transgender insanity”

Trump announces intent to defund “transgender insanity”

September 11, 2023
  • About iFamNews
  • Contact

Navigation Button Subscribe

  • Subscribe
September 24, 2023
  • Login
  • Register
No Result
View All Result
  • English
    • Italiano
    • Español
    • Français
    • Deutsch
    • Polski
    • српски
    • Русский

Navigation Button Donate

  • Donate
International Family News Network (IFN)
  • Home
  • Opinion
  • Life
  • Family
  • Culture
  • Politics
  • Entertainment
  • Science
  • Shows
  • Petitions
  • Subscribe
  • Donate
International Family News Network (IFN)
  • Home
  • Opinion
  • Life
  • Family
  • Culture
  • Politics
  • Entertainment
  • Science
  • Shows
  • Petitions
  • Subscribe
  • Donate
No Result
View All Result
International Family News Network (IFN)
No Result
View All Result

Hiding in the shadows: former exec sheds light on the force behind woke corporations

Claims these companies kowtow to investment firms

IFN English by IFN English
June 5, 2023
in Foreground, Politics
106
Reading Time: 2 mins read
0
Hiding in the shadows: former exec sheds light on the force behind woke corporations
Share on FacebookShare on WhatsAppShare on TelegramShare on TwitterShare on WeChat

Anson Frericks, a former executive at Anheuser-Busch, recently shed light on the mechanisms behind the wave of woke governance affecting major corporations such as Anheuser-Busch and Target. During an appearance on Fox News’ “Jesse Watters Primetime,” he revealed that this trend often originates from investment firms, notably left-leaning ones like New York-based BlackRock and Pennsylvania-based Vanguard. These firms exert substantial influence over these corporations, pressuring them to adopt their ideologies and directing their product strategies.

Frericks elaborated on the power dynamics between these influential firms and large corporations. He claimed that firms like BlackRock, Vanguard, and State Street, who collectively manage around $20 trillion in capital, wield their financial clout to propagate political agendas. The pressure is exerted subtly, via behind-the-scenes politicking, and is often driven by progressive lawmakers overseeing government pension funds. These controversial decisions, such as Anheuser-Busch’s ill-conceived Bud Light promotion with transgender influencer Dylan Mulvaney, have sparked nationwide boycotts, particularly from more conservative customers.

According to Frericks, the underlying network of influence extends to the highest level of state governance. As an example, he cited that one of the firms manages California’s pension fund, which happens to be the largest in the country. The politicians of California, therefore, have a significant say in the governance and politicking of these firms, given their substantial investment stakes. This web of influence enables them to shape corporate strategies and policies.

Adding further to his claims, Frericks pointed out that lawmakers often impose conditions on these investment firms. “For example, in California, they have recently mandated large pension funds to divest from fossil fuels and oil and gas,” he said. Frericks also mentioned the directives given to firms like BlackRock, State Street, and Vanguard by lawmakers, which require them to commit to ESG principles — diversity, equity, inclusion — and to enforce these commitments across all major corporations they manage.

Frericks candidly shared that he resigned from Anheuser-Busch due, in part, to his disillusionment with corporate America’s approach towards political engagement, which often went against public sentiment. He referred to instances such as the backlash faced by Coca-Cola and Delta Airlines, both headquartered in Atlanta, following the passage of election integrity laws by Georgia’s legislators. He lamented that corporations are increasingly crossing the line between business and politics, which often results in negative consequences.

Tags: corporate americaLGBT ideologyLGBT+
IFN English

IFN English

Articles published by the English iFamNews editorial team.

Discussion about this post

Popular News

  • Laurence Fox speaks out against ruling limiting girl’s right to life-supporting treatment

    Laurence Fox speaks out against ruling limiting girl’s right to life-supporting treatment

    0 shares 865 VIEWS
    Share 0 Tweet 0
  • Novak Đoković: I’m sad that sport has become a business through betting bars

    5 shares 805 VIEWS
    Share 5 Tweet 0
  • Chloe Cole censored on Instagram for sharing detransition journey

    10 shares 514 VIEWS
    Share 10 Tweet 0
  • California allows pro-life outreach center to continue sidewalk campaign near Planned Parenthood clinic

    32 shares 395 VIEWS
    Share 0 Tweet 32
  • Family in Iran is under attack through media and virtual space

    26 shares 333 VIEWS
    Share 26 Tweet 0

IFN – International Family News Network

© 2022 IFN – International Family News - All Rights Reserved.

Quick Links

  • About iFamNews
  • Contact Us
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • Opinion
  • Life
  • Family
  • Culture
  • Politics
  • Entertainment
  • Science
  • Shows
  • Petitions
  • Subscribe
  • Donate

  • en English
  • it Italiano
  • es Español
  • fr Français
  • de Deutsch
  • pl Polski
  • sr српски
  • ru Русский
  • Login
  • Sign Up

© 2022 IFN – International Family News - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Subscribe