Environmental, Social & Governance (ESG)

Trump Orders SEC to Review Proxy Adviser Rules in ESG Rebuke

President Donald Trump issued an executive order seeking to limit the influence of proxy advisory firms, part of a push to curtail how third-party firms attempt to sway the direction of public companies.

The Five Forces That Broke Capitalism, and One Fix: Essay

With the world in mortal crisis throughout the 1930s, the leading capitalist intellectuals of the day met in a series of fraught conferences. Horrified by the advances of totalitarianism, economists like John Maynard Keynes, Friedrich Hayek, Karl Polanyi and Ludwig von Mises clashed, tried to understand what had gone wrong and sought a version of capitalism that people would accept. Their efforts produced ideas that would guide the world for decades — from Keynes’ general theory to Hayek’s road to serfdom — and in 1938 birthed the concept of neoliberalism. But they failed to agree on much of anything.

China Southern Power’s Transelec Talks Said to Face Delays

China Southern Power Grid Co.’s attempt to acquire control of Chilean power transmission company Transelec SA has hit a snag due to differences over valuation, according to people familiar with the matter.

Trump Repeals Biden Land Protections in Alaska, Other States

President Donald Trump on Thursday signed several congressional measures designed to undo Biden administration land conservation policies restricting energy development in the Arctic National Wildlife Refuge and federal lands in three Western states.

Trump Warner Bros. Meddling Pushes Limits of Executive Power

Donald Trump’s declaration that he will involve himself in the proposed sale of Warner Bros. Discovery has thrust an already tumultuous battle between Netflix and Paramount Skydance over some of the crown jewels of Tinseltown into uncharted waters.

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Arthur Carter, Whose Firm Propelled Weill and Levitt, Dies at 93

Arthur Carter, the investment banker turned publisher who co-founded the Wall Street firm that propelled the careers of former Citigroup Inc. chairman Sanford “Sandy” Weill and former US Securities and Exchange Commission Chairman Arthur Levitt, has died. He was 93.

ESG Explained: Socially Conscious Capitalism and Its Backlash

Republican state leaders have been pulling billions out of pension funds managed by investment firms like Black Rock. Why? Something called ESG. In this video, we explain what ESG is, why it’s become such a hot topic and what regulation — and litigation — we can expect in the near future.

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