{"id":1758609,"date":"2022-12-01T15:48:40","date_gmt":"2022-12-01T20:48:40","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1758609"},"modified":"2022-12-01T15:48:46","modified_gmt":"2022-12-01T20:48:46","slug":"desantis-fierce-foe-of-woke-agenda-yanks-massive-2-billion-of-floridas-money-from-major-woke-corporation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-fierce-foe-of-woke-agenda-yanks-massive-2-billion-of-floridas-money-from-major-woke-corporation\/","title":{"rendered":"DeSantis, Fierce Foe Of Woke Agenda, Yanks Massive $2 Billion Of Florida\u2019s Money From Major Woke Corporation"},"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\">34<\/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%2Fdesantis-fierce-foe-of-woke-agenda-yanks-massive-2-billion-of-floridas-money-from-major-woke-corporation%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=1758609&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>Florida Gov. Ron DeSantis, a fierce foe of the woke agenda permeating major corporations, has yanked a huge $2 billion worth of Florida\u2019s assets from BlackRock, Inc., whose CEO, Larry Fink, has championed \u201cstakeholder capitalism\u201d to use shareholders\u2019 money to finance his woke agenda.<\/p>\n<p>In a <a href=\"https:\/\/www.myfloridacfo.com\/news\/pressreleases\/details\/2022\/12\/01\/cfo-jimmy-patronis-florida-treasury-divesting-from-blackrock\" target=\"_blank\" rel=\"noopener\">harsh condemnation<\/a> of BlackRock, Chief Financial Officer Jimmy Patronis made the announcement for the state on Thursday that $1.43 billion of Florida\u2019s Long Duration Portfolio and of its $600 million Short Term Investment Fund (STIF) managed by BlackRock would be pulled.\u00a0By the start of 2023, Florida\u2019s Treasury will have divested from BlackRock\u2019s management of all short and long-term investments.<\/p>\n<p>\u201cAs major banking institutions and economists predict a recession in the coming year, and as the Fed increases interest rates to combat the inflation crisis, I need partners within the financial services industry who are as committed to the bottom line as we are \u2014 and I don\u2019t trust BlackRock\u2019s ability to deliver,\u201d Patronis declared.<\/p>\n<p>Patronis noted that BlackRock \u201chas leaned heavily into Environmental, Social, and Governance standards \u2014 known as ESG \u2014 to help police who should, and who should not gain access to capital.\u201d<\/p>\n<p>\u201cWhether stakeholder capitalism, or ESG standards, are being pushed by BlackRock for ideological reasons, or to develop social credit ratings, the effect is to avoid dealing with the messiness of democracy,\u201d Patronis asserted. \u201cI think it\u2019s undemocratic of major asset managers to use their power to influence societal outcomes. If Larry, or his friends on Wall Street, want to change the world \u2014 run for office. Start a non-profit. Donate to the causes you care about.\u201d<\/p>\n<p>\u201cUsing our cash, however, to fund BlackRock\u2019s social-engineering project isn\u2019t something Florida ever signed up for,\u201d Patronis stated. \u201cIt\u2019s got nothing to do with maximizing returns and is the opposite of what an asset manager is paid to do. Florida\u2019s Treasury Division is divesting from BlackRock because they have openly stated they\u2019ve got other goals than producing returns.\u201d<\/p>\n<p>\u201cAs Larry Fink stated to CEOs, \u2018[A]ccess to capital is not a right. It is a privilege,\u2019\u201d Patronis noted. \u201cAs Florida\u2019s CFO I agree wholeheartedly, so we\u2019ll be taking Larry up on his offer. There\u2019s no lack of companies who will invest on our behalf, so the Florida Treasury will be taking its business elsewhere.\u201d<\/p>\n<p>In August, DeSantis, along with Trustees of the State Board of Administration (SBA), <a href=\"https:\/\/www.flgov.com\/2022\/08\/23\/governor-ron-desantis-eliminates-esg-considerations-from-state-pension-investments\/\" target=\"_blank\" rel=\"noopener\">passed a resolution<\/a> directing the state of Florida\u2019s fund managers to invest state funds in a manner prioritizing the highest return on investment for Florida\u2019s taxpayers.<\/p>\n<p>\u201cCorporate power has increasingly been utilized to impose an ideological agenda on the American people through the perversion of financial investment priorities under the euphemistic banners of environmental, social, and corporate governance and diversity, inclusion, and equity,\u201d DeSantis stated. \u201cWith the resolution we passed today, the tax dollars and proxy votes of the people of Florida will no longer be commandeered by Wall Street financial firms and used to implement policies through the board room that Floridians reject at the ballot box. We are reasserting the authority of republican governance over corporate dominance and we are prioritizing the financial security of the people of Florida over whimsical notions of a utopian tomorrow.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Florida Gov. Ron DeSantis, a fierce foe of the woke agenda permeating major corporations, has yanked a huge $2 billion worth of Florida\u2019s assets from BlackRock, Inc., whose CEO, Larry Fink, has championed \u201cstakeholder capitalism\u201d to use shareholders\u2019 money to finance his woke agenda. In a harsh condemnation of BlackRock, Chief Financial Officer Jimmy Patronis &#8230;<\/p>\n","protected":false},"author":60,"featured_media":1758612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-1758609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1758609","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\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1758609"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1758609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1758612"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1758609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1758609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1758609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}