How to Beat DEI and ESG: Companies to Short and Profit from the 'Go Woke, Go Broke' Trend
The corporate governance world is undergoing a disturbing change. Diversity, equity, and inclusion are constructs that are being pushed to the very top of the corporate agenda. At the same time, supposedly 'green' (i.e., environmentally friendly) concerns have been rapidly relegated to a more obscure part of the agenda. There is thus an increasing insistence that companies, and the colleges and universities that educate corporate leaders, first and foremost, must reckon with DEI as a top priority. Not leaving any stone unturned, the new insistence is also influencing corporate governance not just as a matter of who gets to rule over what (the usual description of governance), but as also having everything to do with how the rulers over business accomplish their agenda of reconstituting the societies in which we all live. Powerful organizations, such as BlackRock—under the direction of its CEO, Larry Fink—and think-tanks such as the World Economic Forum (WEF), are the driving fo