{"id":1581434,"date":"2022-07-31T13:33:27","date_gmt":"2022-07-31T17:33:27","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1581434"},"modified":"2022-07-31T13:33:29","modified_gmt":"2022-07-31T17:33:29","slug":"ethan-peck-on-managerial-class-behind-woke-takeover-of-corporate-america","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ethan-peck-on-managerial-class-behind-woke-takeover-of-corporate-america\/","title":{"rendered":"Ethan Peck on \u2018Managerial Class\u2019 Behind Woke Takeover of Corporate America"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fethan-peck-on-managerial-class-behind-woke-takeover-of-corporate-america%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1581434&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>In April 2021, large corporations such as Coca-Cola, Delta Airline, and Home Depot rallied against Georgia\u2019s election reform, parroting a leftist narrative that the measure was \u201cracist.\u201d It was seen by many as a manifestation of the \u201c<a href=\"https:\/\/www.theepochtimes.com\/t-woke\">woke<\/a>\u201d takeover of corporate America, in which a company\u2019s capital is diverted to left-wing causes that shareholders never intended to support.<\/p>\n<p>The driving forces behind this trend, however, were not left-wing activists, but powerful mega-funds seeking to entrench their regime under the guise of wokeness, according to Ethan Peck, an associate at the National Center\u2019s Free Enterprise Project.<\/p>\n<p>\u201cI think it\u2019s a scam,\u201d said Peck in a recent interview with NTD.<\/p>\n<p>Peck, a free enterprise advocate who constantly engages corporate CEOs and board members at shareholder meetings, said many board members don\u2019t genuinely believe in woke ideology, but use it as a tool to advance so-called \u201cstakeholder capitalism.\u201d<\/p>\n<p>Stakeholder capitalism, as opposed to traditional shareholder capitalism, holds that a company is responsible for the collective interest of every member of society, rather than those who own the company\u2019s shares. The concept, first introduced by <a href=\"https:\/\/www.theepochtimes.com\/t-world-economic-forum\">World Economic Forum<\/a>\u2019s Claus Schwab in 1979, has since remained a fringe concept until recently, in the wake of the global CCP (Chinese Communist Party) virus pandemic.<\/p>\n<p>Peck compared stakeholder capitalism to communism, where the state controls and redistributes resources in the name of a \u201cgreater good.\u201d \u201cIt\u2019s kind of the corporate version of communism,\u201d he explained, adding that \u201cit\u2019s a trick. It just empowers the boards to basically take voting powers and rights from the shareholders.\u201d<\/p>\n<p> The Big Influence <\/p>\n<p>When asked about the force pushing American corporate boardrooms to embrace stakeholder capitalism, Peck pointed to the world\u2019s largest money managers: exchange-traded fund (ETF) giants <a href=\"https:\/\/www.theepochtimes.com\/t-blackrock\">BlackRock<\/a>, Vanguard, and State Street Global Advisors.<\/p>\n<p>\u201cI think that the big influences are coming<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In April 2021, large corporations such as Coca-Cola, Delta Airline, and Home Depot rallied against Georgia\u2019s election reform, parroting a leftist narrative that the measure was \u201cracist.\u201d It was seen by many as a manifestation of the \u201cwoke\u201d takeover of corporate America, in which a company\u2019s capital is diverted to left-wing causes that shareholders never [\u2026]<\/p>\n","protected":false},"author":392,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1581434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1581434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/392"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1581434"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1581434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1581434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1581434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1581434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}