Operating at the Intersection of Technology and the Capital Markets
Tag: ESG
I'm happy to see the ESG backlash of late. I'm equally happy to see BlackRock's Larry Fink having to fight off of the back foot. Fink's corner may have thrown in the towel in fact. I agree with Lynn Forester de Rothschild - throw ESG in the dustbin (video below). Great management teams (the "G" … Continue reading Throw ESG In The Dustbin
Elon Musk's Twitter announced a new CEO and Larry Fink's BlackRock (tkr: BLK), is working to identify Fink's replacement. So long as Messrs. Musk and Fink are involved with Twitter and BlackRock respectively, they will be setting strategy and keeping their finger on the pulse if not involved with the day-to-day minutiae. Musk named NBCUniversal's … Continue reading Twitter & BlackRock: Change In Name Only
As a follow-up to our two recent Adobe (tkr: ADBE) articles that were highly critical of Adobe CEO Shantanu Narayen as it relates to the Figma acquisition, we highlight for you Adobe's Board of Directors who signed off on the Figma deal and its outrageous 50x forward ARR valuation. Here is Adobe's "go along to … Continue reading Adobe’s Oversized Board Nodded Its Collective Head In Approval As It Relates To The Figma Deal
"G" is the most important letter in "ESG" investing. "G" or "Governance" refers to the men and women who comprise corporate management teams and Boards. Management - the CEO in particular - matters a great deal as to the long-term success of any company. Too frequently CEOs and Boards put Executive Compensation ahead of corporate … Continue reading CEOs That Put Themselves First
If we have said it once we have said it a thousand times: "G" is what matters in ESG investing. The "G" stands for Governance. Nothing is more determinant to a company's success than the people who lead that company, beginning with the CEO (which of course is the reason why we started CEORater 5 … Continue reading “G” Matters. Throw Out The “ES”.
We would prefer that the SEC focus on cracking down on fraud in its various permutations as opposed to forcing companies to report on carbon emissions and the like. This forced climate reporting initiative by the Biden Administration not only adds zero value to the investment decision-making process for serious institutional investors, it acts as … Continue reading Climate Reporting: The SEC’s Latest Make Work
Microsoft's (MSFT) deal for Activision (ATVI), will prove to be one in a string of such deals over the next few years whereby video game platform companies (Microsoft/Xbox, Google/Stadia, Amazon/Twitch), acquire video game content companies. These deals are similar to the wave of consolidation that took place in the 1980's and 1990's when distribution companies … Continue reading More Video Game Content Deals to Come
I've yet to be convinced of the value proposition of incorporating ESG into the investment decision-making process. What are the definitions of the "Environmental" and "Social" elements of ESG and how are each directly correlated to alpha generation? You are preaching to the choir as it relates to "Corporate Governance" - the "G" in ESG. … Continue reading “G” Is Where The Value Is In ESG
The SEC Needs To Step Up Its Enforcement Game. Political Pressure Is Focused Elsewhere. Private, decentralized messaging platforms where user IDs are not tied to real world identities make it possible for public company executives to discretely disclose non-public information with select investors. Discord is one such example. It will be interesting to observe the … Continue reading Technology Is Running Circles Around Financial Regulators
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