There was a balding Russian Communist fellow who reportedly said something about capitalists selling him the rope with which we’ll hang them. Probably nothing to worry about though. What are the odds our corporations would be stupid enough to do something like that? Companies are increasingly linking ESG metrics to executive compensation packages. Nearly half of the Russell 1000 (43%) discloses that it uses ESG-related key performance indicators in executive compensation metrics, according to data from Just Capital, a nonprofit that measures corporate stakeholder performance. That percentage of Russell 1000 companies linking ESG goals to compensation has quickly grown in recent years, from 14% in 2020 to 18% in 2021 to 28% in 2022. At least the good news is that when the first gulags are built, they’ll be run by private contractors employed by BlackRock and the soy gruel will come from a company located in a Vanguard […]
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