Are You Subsidizing Leftist Activism?

Friend -   There's a pretty good chance you're subsidizing leftist activism.  Do you have a 401(k) or a mutual fund with BlackRock, State Street, or Vanguard?  If you do the fees that they make off your funds are going to subsidize leftist activism.  We pull back the curtain to show you who is pulling the strings in our report, "None of It is Our Money": An Introduction to the Leftist Activists and Liberal DC Insiders at BlackRock, Vanguard, and State Street Using Your Money to Advance Their Political Agenda.   This report focuses on the "stewardship" staff at BlackRock, Vanguard, and State Street -- who are collectively known as the "Big Three" asset managers and combined control about $22 trillion in assets – some of which could very well be your retirement fund.   The "stewardship" staff at these firms is responsible for proxy voting and shareholder engagements with company management and boards.   Our research found that there is a significant liberal tilt to these "stewardship" staffers and many come from a background in government (as political appointees) or activism.   Some highlights from our research: Jon Posen of BlackRock, who writes Larry Fink's influential letters, said "Republicans support mass murder" after the shooting in Buffalo, NY in May. Posen worked on the 2008 Obama campaign and in the Obama Administration. Posen donated to Bernie Sanders while working for BlackRock. Holly Fetter of State Street represents State Street in shareholder engagements with corporate management and boards on Diversity, Equity, and Inclusion (DEI) issues. Fetter taught a class on "whiteness" at Stanford about how "white privilege exists at an institutional level" and "manifestations of white entitlement in the US." Fetter sits on the board of a Soros-funded organization that supports abolishing the police and creating a "police-free New York City." Fetter believes the idea of a "self-made" person is "dangerous" and a "myth." Fetter sits on the board of a group that believes the system of capitalism is predicated on "stolen land, stolen labor, and stolen lives." John Galloway of Vanguard works as Vanguard's global head of asset stewardship. Galloway worked in President Obama's OMB and National Economic Council. After leaving the Obama Administration, Galloway started a group at Georgetown University to help find former Obama staffers jobs outside of government service.   These people have been trying to keep secret what they're doing with your money.  We believe this research helps to paint a picture of stewardship and ESG staff at these firms using the money allocated to them from pension funds and from tens of millions of Americans like you through 401(k)s, IRAs, and brokerage accounts to advance their own personal political and climate agendas, rather than their clients' best fiduciary interest.   If you like what you're reading you can support American Accountability Foundation by clicking here.   For Freedom, Tom Jones President, American Accountability Foundation

Unsubscribe