{"id":1936353,"date":"2023-05-23T17:10:52","date_gmt":"2023-05-23T21:10:52","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ohio-retirement-fund-votes-for-leftist-shareholder-resolutions-at-behest-of-woke-advisory-firm\/"},"modified":"2023-05-23T17:14:10","modified_gmt":"2023-05-23T21:14:10","slug":"ohio-retirement-fund-votes-for-leftist-shareholder-resolutions-at-behest-of-woke-advisory-firm","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ohio-retirement-fund-votes-for-leftist-shareholder-resolutions-at-behest-of-woke-advisory-firm\/","title":{"rendered":"Ohio retirement fund backs leftist shareholder proposals urged by woke advisory firm."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/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%2Fohio-retirement-fund-votes-for-leftist-shareholder-resolutions-at-behest-of-woke-advisory-firm%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=1936353&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--><h2>Ohio Pension Fund Leverages Nearly $100 Billion to Push Leftist Priorities<\/h2>\n<p>The Ohio Public Employees Retirement System (OPERS), one of the largest public state pension funds in the US, has been accepting shareholder resolution advice from a San Francisco-based proxy advisory firm, Glass Lewis. The firm has been advising OPERS to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/what-is-a-woman-heres-what-chatgpt-has-to-say\/\" title=\"What Is A Woman? Here\u2019s What ChatGPT Has To Say\">support progressive policies<\/a>, such as equity audits and carbon emissions reports, which critics say contradict the conservative state&#8217;s values. Glass Lewis advises investment entities on how they should employ their stakes in public companies to support or oppose various shareholder resolutions.<\/p>\n<h3>Controversial Votes<\/h3>\n<p>OPERS has accepted Glass Lewis&#8217;s recommendations to support progressive policies, such as equity audits and carbon emissions reports. The fund has also voted in favor of proposals at Berkshire Hathaway, Disney, Exxon Mobil, and Home Depot, among others. Some votes from the fund supported the &#8220;defund the police&#8221; movement and condemned contributions to police foundations, while others opposed political donations to entities which denounce abortion.<\/p>\n<h3>Progressive Managers<\/h3>\n<p>Glass Lewis&#8217;s senior managers are overwhelmingly progressive. Glass Lewis President Carrie Busch has made donations to the Human Rights Campaign, the nation&#8217;s largest LGBTQ political lobbying organization. Glass Lewis Chief Operating Officer John Wieck has donated to a number of Democratic candidates. Glass Lewis Chief Legal Officer lauded a move from Canadian Prime Minister Justin Trudeau to ban the importation of handguns.<\/p>\n<h3>Republican Concerns<\/h3>\n<p>Republican state lawmakers, treasurers, and attorneys general across the US have severed ties with <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-brooke-rollins-and-steve-yates-russia-is-small-beans-when-will-j-p-morgan-and-corporate-america-leave-china\/\" title=\"Exclusive \u2013 Brooke Rollins and Steve Yates: Russia Is Small Beans. When Will J.P. Morgan and Corporate America Leave China?\">asset management companies<\/a> which endorse the environmental, social, and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kentucky-treasurer-sanctions-blackrock-and-other-companies-engaged-in-ideological-boycotts-against-energy-sector\/\" title=\"Kentucky Treasurer Sanctions BlackRock and Other Companies Involved in \u2018Ideological\u2019 Boycotts of the Energy Sector\">corporate governance movement<\/a>, also known as ESG. Former Ohio Republican State Treasurer Ken Blackwell said, &#8220;I&#8217;m troubled by the woke left&#8217;s hijacking and capture of the American corporate sector and OPERS proxy votes for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ohio-retirement-fund-votes-for-leftist-shareholder-resolutions-at-behest-of-woke-advisory-firm\/\" title=\"Ohio retirement fund backs leftist shareholder proposals urged by woke advisory firm.\">resolutions attacking pro-life lawmakers<\/a>, promoting abortions, and calling for defunding the police.&#8221;<\/p>\n<h3>Proposed Bill<\/h3>\n<p>Ohio Republican House Majority Leader William Seitz has a proposed bill underway that will deal with &#8220;financial institutions and other businesses that conduct economic boycotts or discriminate against certain companies or customers based on certain factors.&#8221; The bill appears to currently be in draft form.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ohio Public Employees, a large state pension fund, has been taking advice from a San Francisco-based proxy advisory firm to push companies towards leftist priorities. This has raised concerns as it contradicts the conservative state&#8217;s values. The fund has nearly $100 billion in assets.<\/p>\n","protected":false},"author":99,"featured_media":1936354,"comment_status":"open","ping_status":"closed","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":[],"tags":[8456,5246,4338,4717,4333,6270,7620,15210,13381,5558],"class_list":["post-1936353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-advisory","tag-firm","tag-fund","tag-leftist","tag-ohio","tag-proposals","tag-retirement","tag-shareholder","tag-urged","tag-woke"],"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\/1936353","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\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1936353"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1936353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1936354"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1936353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1936353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1936353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}