{"id":412831,"date":"2022-03-06T04:36:21","date_gmt":"2022-03-06T01:36:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/russian-invasion-sheds-light-on-hypocrisy-of-gary-gensler-corporate-wokesters\/"},"modified":"2022-03-06T04:36:21","modified_gmt":"2022-03-06T01:36:21","slug":"russian-invasion-sheds-light-on-hypocrisy-of-gary-gensler-corporate-wokesters","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/russian-invasion-sheds-light-on-hypocrisy-of-gary-gensler-corporate-wokesters\/","title":{"rendered":"#Russian invasion sheds light on hypocrisy of Gary Gensler, corporate wokesters"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2d228b48108\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2d228b48108\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/russian-invasion-sheds-light-on-hypocrisy-of-gary-gensler-corporate-wokesters\/#%E2%80%9CRussian_invasion_sheds_light_on_hypocrisy_of_Gary_Gensler_corporate_wokesters%E2%80%9D\" >&#8220;Russian invasion sheds light on hypocrisy of Gary Gensler, corporate wokesters&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/russian-invasion-sheds-light-on-hypocrisy-of-gary-gensler-corporate-wokesters\/#Where_was_Gensler\" >Where was Gensler?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/russian-invasion-sheds-light-on-hypocrisy-of-gary-gensler-corporate-wokesters\/#Hidden_%E2%80%98Valley\" >Hidden \u2018Valley\u2019<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CRussian_invasion_sheds_light_on_hypocrisy_of_Gary_Gensler_corporate_wokesters%E2%80%9D\"><\/span>&#8220;Russian invasion sheds light on hypocrisy of Gary Gensler, corporate wokesters&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<div class=\"inline-module inline-module--columnist inline-module--author\">\n<div class=\"inline-module--author__img\">\n            <img decoding=\"async\" width=\"76\" height=\"69\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=76&amp;h=69&amp;crop=1\" class=\"attachment-nyp_columnist size-nyp_columnist\" alt=\"Charles Gasparino\" loading=\"lazy\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=152 152w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=114 114w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=76 76w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=38 38w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png 706w\" sizes=\"auto, (max-width: 76px) 100vw, 76px\"\/>      <\/div>\n<\/div>\n<\/aside>\n<p>Vladimir Putin\u2019s invasion of Ukraine has further exposed the hypocrisy of the woke investment fad known as ESG.<\/p>\n<p>ESG is the acronym for environmental <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> governance. It\u2019s an amorphous group of edicts that have been adopted by big Wall Street firms, investment managers and many corporations to allegedly make the world a better place.\u00a0<\/p>\n<p>Follow ESG edicts and you will help protect the environment by investing in windmills instead of oil companies. Board diversity is big under ESG rules. So is supporting social justice, which is why you see so much corporate money flowing to groups like Black Lives Matter.<\/p>\n<p>Do all of that and you can virtue signal \u2018til the cows come home despite obvious drawbacks. Reducing your carbon footprint might be a good thing but do it as the ESG zealots want and you get what we have now: Higher energy prices because of the inefficiencies of windmills.<\/p>\n<p>That\u2019s a tax \u2014 and a big one \u2014 on the working class.<\/p>\n<p>Who doesn\u2019t want board diversity? But when diversity trumps skills it\u2019s the shareholders who suffer. Those shareholders aren\u2019t a bunch of rich white dudes. They\u2019re teachers, police and firefighters who depend on fully-funded pensions.<\/p>\n<p>Yes, Black Lives Matter sounds good on paper \u2014 that\u2019s why major corporations funneled money into its coffers following the tragic murder of George Floyd by a white police officer. Dig deeper and you will discover the organization\u2019s Marxist foundations, sketchy finances and ample evidence of its violent tactics.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Where_was_Gensler\"><\/span>Where was Gensler?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ESG is the Swiss cheese of corporate governance but it may also become law. Since his <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointment last year, Securities and Exchange Commission\u2019s lefty chair Gary Gensler has been working hard to make ESG a standard every public company must adhere to or face sanctions from Wall Street\u2019s top cop.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Vladimir-Putin-6.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Russian President Vladimir Putin \" class=\"wp-image-21430307\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Vladimir-Putin-6.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Vladimir-Putin-6.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Vladimir-Putin-6.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>ESG followers have no problem investing in Russian companies despite the issues in the country.<\/figcaption><figcaption><span class=\"credit\">Alexei Druzhinin\/Sputnik, Kremlin Pool Photo via AP<\/span><\/figcaption><\/figure>\n<p>Then came Putin\u2019s war on Ukraine, and the whole ESG charade has been exposed even if Gensler and his corporate lackeys still won\u2019t fully admit it. Bodies are piling up, bloody images of Ukrainian women and children are seen daily almost in real time, yet under ESG coda it\u2019s OK to be operating a McDonald\u2019s in Moscow. You can also invest in a company owned by one of Putin\u2019s oligarch pals because big exchanges like Nasdaq exempt foreign companies like those in Russia from their ESG listing standards. (Nasdaq did recently suspend trading in Russian companies.)<\/p>\n<p>There is a case to be made that ESG has funded Putin\u2019s tanks and artillery. Same with China\u2019s President, Xi Jinping, who is setting his sights on Taiwan while operating a gulag to oppress anyone who challenges his autocratic rule.<\/p>\n<p>You see for years, ESG prevented no investment fund, bank or company from doing business with Putin or Xi. Only now when Putin\u2019s bloodlust appears to have now gone too far, are the wokesters walking back their hypocrisy. They\u2019re all scrambling to dump Russian investments from funds. Big companies are debating whether to pull out of Russian altogether as the Putin war machine rages on.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/BlackLivesMatter.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"A protester waves a Black Lives Matter flag during the demonstration..Hours after the verdict of the Derek Chauvin trial, protesters meet outside of Los Angeles Mayor Eric Garcetti's home to protest his proposed funding of the Los Angeles Police Department. \" class=\"wp-image-21430319\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/BlackLivesMatter.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/BlackLivesMatter.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/BlackLivesMatter.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Companies practicing ESG values donate to organizations like Black Lives Matter, who have used violent tactics. <\/figcaption><figcaption><span class=\"credit\">Stanton Sharpe\/SOPA Images via ZUMA Wire<\/span><\/figcaption><\/figure>\n<p>The absurdity of all of this, of course, is that Putin has never hid who he really was. He had already leveled Chechnya killing tens of thousands of innocents; thousands of civilians died when he aided Syrian dictator Bashar al-Assad with indiscriminate bombing to suppress an uprising. Stories abound of his henchmen searching the globe to assassinate all rivals. All under the nose of Gensler and some of Wall Street\u2019s allegedly smartest investors who blindly followed their ESG guidelines that allowed them to do business with a madman.<\/p>\n<p>If you\u2019re blood isn\u2019t boiling just yet, consider this: Gensler, the ESG hyping SEC chair, has between $5.5 million to $26 million across two emerging markets funds with a considerable stake in Russian assets, according to Fox Business\u2019s Eleanor Terrett.<\/p>\n<p>No word yet from Gensler if he plans to virtue-signal his way out of that investment.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hidden_%E2%80%98Valley\"><\/span>Hidden \u2018Valley\u2019<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Media banking sensation Aryeh Bourkoff loves to name drop. Bragging to corporate fat cats that he\u2019s plugged in everywhere is how he banked last year\u2019s $43 billion mega deal between WarnerMedia and Discovery Inc., I am told.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>I don\u2019t know if everyone is really talking to Aryeh, but every year he does hold some sort of movers-and-shakers conference in Deer Valley, Utah. It\u2019s a more secret, and for my money, less relevant version of the Allen &amp; Co., Sun Valley media powwow and this year\u2019s version begins today. While no one outside Aryeh\u2019s inner circle is supposed to know who\u2019s going, through the magic of reporting, I\u2019ve obtained the entire \u201chighly confidential\u201d list of invitees.<\/p>\n<p>Question I have: Why should it be such a secret that Aryeh wants some face time with Paris Hilton? (Yes, she\u2019s on the list.) And what makes her such a media mover and shaker? Ditto for Lance Armstrong, Naomi Campbell, Maria Sharapova and Robert De Niro (De Niro is a maybe).<\/p>\n<p>To be fair, there are some interesting corporate types attending, though I\u2019m not sure why their attendance is such a state secret since all of them have significant public profiles. People like Shari Redstone of Viacom, her CEO Bob Bakish, David Zaslav of the aforementioned Discovery, and investment wiz Dan Loeb, are out and about in NYC all the time and they don\u2019t even make Page Six.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Ukraine-4.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Local resident stands in front of the rubble as a result of shelling on March 5, 2022 in Markhalivka, Ukraine.\" class=\"wp-image-21430326\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Ukraine-4.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Ukraine-4.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Ukraine-4.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>SEC chair Gary Genlser reportedly has $5.5 million to $26 million in emerging market funds with plenty of stakes in Russian assets.<\/figcaption><figcaption><span class=\"credit\">Anastasia Vlasova\/Getty Images<\/span><\/figcaption><\/figure>\n<p>Oh yeah, there appears to be one journalist attending, CNBC\u2019s Andrew Ross Sorkin. He\u2019s on TV every day, so he\u2019s not that bashful about being noticed. Full disclosure: Maybe I\u2019m a little jealous my friend Andrew got the invite and I didn\u2019t.<\/p>\n<p>I bet it\u2019s because Aryeh knows I can\u2019t keep a secret.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/03\/05\/russian-invasion-sheds-light-on-hypocrisy-of-gary-gensler-corporate-wokesters\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Russian invasion sheds light on hypocrisy of Gary Gensler, corporate wokesters&#8221; Vladimir Putin\u2019s invasion of Ukraine has further exposed the hypocrisy of the woke investment fad known as ESG. ESG is the acronym for environmental social governance. It\u2019s an amorphous group of edicts that have been adopted by big Wall Street firms, investment managers and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":412832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/newspress-collage-21430182-1646529221401.png?w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[126432,1471,4973,72645,118979,4975,72976,71577,126128,73234],"class_list":["post-412831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-5-22","tag-black-lives-matter","tag-china","tag-corporate-governance","tag-gary-gensler","tag-russia","tag-securities-and-exchange-commission","tag-syria","tag-ukraine-war","tag-vladimir-putin"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/412831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=412831"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/412831\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/412832"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=412831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=412831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=412831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}