Bill Ackman ruffles the woke industrial complex, companies that seem eager to act with a social purpose.
Woke investing is struggling in a bipolar world as two polar opposite systems reconfigure into a war economy fighting it out for their survival.
As the world descends into wars on multiple fronts and currency fails Maslow’s Hierarchy of Needs has descended the pyramid to the basics, security, safety and survival. Everything else seems irrelevant.
So at May’s Milken Institute Global Conference in Beverly Hills, the financial elites lock swords over woke investing. About 40 attendees, including influential Wall Street figures and senior executives of multi-ethnicity.
Artificial Intelligence and Elon Musk’s latest ventures were all discussed but the hottest topic, a fierce debate on diversity, inclusion and equity unfolded.
“Woke investing is struggling in a bipolar world as two polar opposite systems reconfigure into a war economy fighting it out for their survival”
WEALTH TRAINING COMPANY
Bill Ackman ruffles the woke-industrial-complex as he made his controversial stance on diversity, equity, and inclusion (DEI) known to the 40 attendees behind closed doors
In a private, invitation-only panel, Ackman – who’s come under intense fire from the woke-industrial-complex, faced criticism for his public denunciation of DEI initiatives, which he has labeled as “inherently racist and illegal.” The dialogue lasted about an hour, and saw attendees lecture Ackman over his views, accusing him of attacking women’s rights (as opposed to the trans movement?) and people of multi ethnicities in the US, reported Bloomberg.
The panel included notable figures such as Jarvis V. Hollingsworth of the $200 billion Teacher Retirement System of Texas, and Dina DiLorenzo of Guggenheim Investments – which manages over $300 billion.
Bill Ackman ruffles the woke-industrial-complex over antisemitism
Bill Ackman, the billionaire founder of activist investment firm Pershing Square Capital Management, began his high-profile assault against DEI initiatives last year after accusing elite colleges, including his alma mater Harvard University, of failing to respond to allegations of antisemitism on campus. At the panel this week, Ackman blamed DEI staff members for fostering ideas that deem some “oppressed” and others, including Jewish people, as “oppressors,” according to the attendees.
“In a private, invitation-only panel, Ackman – who’s come under intense fire from the woke-industrial-complex, faced criticism for his public denunciation of DEI initiatives”
WEALTH TRAINING COMPANY
Many Jewish people, who themselves have been victims of genocide and persecution are vehemently opposed Benjamin Netanyahu’s genocidal, ethnic cleansing of the Palestinians, women and children, trapped and slaughtered from air bombardments.
“The non woke believe in the idea of meritocracy and competitive results”
– Wealth Training Company
Bill Ackman ruffles the woke-industrial-complex agreeing with the likes of Elon Musk, Florida Governor Ron DeSantis, and former President Donald Trump in their criticism of DEI initiatives
The non woke believe in the idea of meritocracy and competitive results.
But as Bill Ackman ruffles the woke-industrial-complex some investors are persuading the money manager to recast his attack on DEI, arguing that his message threatens to undercut diversity programs across America. At least one speaker said his attack on DEI reflected a poor understanding of the Civil Rights movement, including the Jewish community’s role in it, the people said. Others said they’d witnessed his previous efforts to support diverse talent and businesses but that his message on DEI is being co-opted by those who seek to diminish opportunities for people from disadvantaged backgrounds.
