Rubio introduces bill that would let shareholders to sue corps if they put wokeness over profits

[OSR stands with Israel]

https://www.rubio.senate.gov/public/index.cfm/2021/9/new-rubio-bill-helps-shareholders-fight-back-against-woke-corporations

U.S. Senator Marco Rubio (R-FL) introduced the Mind Your Own Business Act, which would enable shareholders to hold woke corporations accountable. Specifically, the legislation would require corporate directors to prove their “woke” corporate actions were in their shareholders’ best interest in order to avoid liability for breach of fiduciary duty in shareholder litigation over corporate actions relating to certain social policies.

[OSR stands with Israel]

If what Democrats is pushing through is Socialism then this is literally Fascism. I mean, it’s not not Fascism and I am not be judgmental. Forcing corporations to implement state policies meant to protect “the natural order” (here against “wokeness”) from the top bottom is fascism. Again, this is not a Godwin thing but an objective observation. Maybe if people work hard, they can sell “a little fascism is needed for a healthy society” the way they do with “socialism” and not needing to do a credit check when you call 911.

Well the argument he is making is that if companies are costing their shareholders money with these types of actions , then the shareholders should be able to sue for violation of fiduciary duty .


The question really comes down to what do you think the main purpose of a corporation is :

- Is it mainly to make their shareholders more money or not 

[OSR stands with Israel]

The question really comes down to what do you think the main purpose of a corporation is :

- Is it mainly to make their shareholders more money or not  

Profit urber alles though can lead to a neoliberal trap though. By that logic, companies have a duty to move all production to China and ignore any considerations that would induce them to stay.

1. Attachment to local community
2. Developed Labor Force
3. Some sense of Patriotism
4. Distaste for said foreign regime


This is not about ending wokeness, this is about legislating out of existence "stakeholder capitalism" under the guise of destroying wokeness and thus inducing the continuance of outsourcing and other trends in the name of following the profit motive to the extreme ends.  

Rubio is just serving the desires of his donors here and trying to cloak it in terms that will appeal to the base.

Yah a better way to really go after wokeness in corporations is make political orientation a protected class under the civil rights act , and strengthen anti trust laws

[OSR stands with Israel]

If what Democrats is pushing through is Socialism then this is literally Fascism. I mean, it’s not not Fascism and I am not be judgmental. Forcing corporations to implement state policies meant to protect “the natural order” (here against “wokeness”) from the top bottom is fascism. Again, this is not a Godwin thing but an objective observation. Maybe if people work hard, they can sell “a little fascism is needed for a healthy society” the way they do with “socialism” and not needing to do a credit check when you call 911.

Well the argument he is making is that if companies are costing their shareholders money with these types of actions , then the shareholders should be able to sue for violation of fiduciary duty .


The question really comes down to what do you think the main purpose of a corporation is :

- Is it mainly to make their shareholders more money or not 

The original  point of being a business is to be a business.

And who owns the business in this case

[OSR stands with Israel]

If what Democrats is pushing through is Socialism then this is literally Fascism. I mean, it’s not not Fascism and I am not be judgmental. Forcing corporations to implement state policies meant to protect “the natural order” (here against “wokeness”) from the top bottom is fascism. Again, this is not a Godwin thing but an objective observation. Maybe if people work hard, they can sell “a little fascism is needed for a healthy society” the way they do with “socialism” and not needing to do a credit check when you call 911.

Well the argument he is making is that if companies are costing their shareholders money with these types of actions , then the shareholders should be able to sue for violation of fiduciary duty .


The question really comes down to what do you think the main purpose of a corporation is :

- Is it mainly to make their shareholders more money or not  

The original  point of being a business is to be a business.

And who owns the business in this case

The shareholders who elected the directors. Some of them are part of the public, some of them not. None of them Marco Rubio. If share holders don’t like how a business is run, they can fire of the board or sell their stock. If market conditions have been made difficult, that’s the role of trust busting.

He’s letting shareholders make the decision if they want to sue or not . It’s not Marco Rubio deciding who gets sued or not

[OSR stands with Israel]

Let me guess, this won't apply to companies that do the opposite, like Chick-Fil-A or Hobby Lobby.

Depends on who their shareholders are

[OSR stands with Israel]

If what Democrats is pushing through is Socialism then this is literally Fascism. I mean, it’s not not Fascism and I am not be judgmental. Forcing corporations to implement state policies meant to protect “the natural order” (here against “wokeness”) from the top bottom is fascism. Again, this is not a Godwin thing but an objective observation. Maybe if people work hard, they can sell “a little fascism is needed for a healthy society” the way they do with “socialism” and not needing to do a credit check when you call 911.

Well the argument he is making is that if companies are costing their shareholders money with these types of actions , then the shareholders should be able to sue for violation of fiduciary duty .


The question really comes down to what do you think the main purpose of a corporation is :

- Is it mainly to make their shareholders more money or not  

The original  point of being a business is to be a business.

And who owns the business in this case

The shareholders who elected the directors. Some of them are part of the public, some of them not. None of them Marco Rubio. If share holders don’t like how a business is run, they can fire of the board or sell their stock. If market conditions have been made difficult, that’s the role of trust busting.

He’s letting shareholders make the decision if they want to sue or not . It’s not Marco Rubio deciding who gets sued or not

 As previously pointed out, repeatedly: Shareholders. Already. Can. Do. This.

Well then it’s not fascist