News

“Call it a ‘wokelash.’ Ordinary Americans are fed up with corporations’ woke politics on issues unrelated to their businesses. A recent Rasmussen poll finds that two-thirds of Americans think companies should stay out of politics. Now, new legislation sponsored by Sen. Marco Rubio will help people hold companies accountable for their political virtue signaling. The Mind Your Own Business Act, introduced in the Senate this week, makes it easier for shareholders to sue companies engaging in gratuitous politics for breaching their fiduciary duty to maintain shareholder value.” – Alfredo Ortiz, CEO, Job Creators Network (Real Clear Politics)
 
“There are very few leaders willing to stand up to the corporate elites who are corrupting our culture with all manner of woke policy positions and corporate posturing meant to please the Davos crowd. That’s what makes Senator Rubio’s actions stand out, and why conservatives, particularly conservative investors, should laud this legislation.” – Justin Danhoff, Executive Vice President, National Center for Public Policy (Release)
 
“Corporate executives want to have their cake and eat it, too: they demand tax cuts and deregulation from conservatives, then pander to the identity-left by implementing discriminatory, critical race theory-style programs and lashing out at red states with threats and boycotts. Senator Rubio wants to put a stop to that: corporations must serve shareholders and, ultimately, the nation. This legislation will add another check on unfettered corporate power and reorient our largest businesses toward the common good—for all Americans.” – Christopher Rufo, Senior Fellow, Manhattan Institute
 
“Mixing politics with business is bad for politics and bad for business. Leaders in both sectors need to step up to stop this trend. I applaud Senator Rubio for taking a stand.” – Vivek Ramaswamy, Entrepreneur and Author of New York Times bestseller “Woke, Inc.: Inside Corporate America’s Social Justice Scam”
 
“Corporate America continues to virtue signal here at home while doing business abroad with a ruthless authoritarian Chinese Communist Party regime that destroys the environment and commits egregious human rights abuses. Senator Rubio is right to put this hypocrisy to the test.” – Chris Iacovella, CEO, American Securities Association
 
“Large majorities of American workers say they want their employers to focus on business and stay out of social-justice issues, but many executives seem more interested in placating progressive activists inside and outside their companies than in fulfilling their actual obligations to those workers and the communities in which they operate, not to mention their shareholders. America affords business leaders the privileges of the corporate form for the purpose of operating productive enterprises to the nation’s benefit. They should not be able to hide behind legal protections for business activity when they are engaged in an entirely different project.” – Oren Cass, American Compass
 
“Senator Rubio’s legislation is an example of what happens when companies prioritize ideology and politics and lose sight of their core mission and the views of their most important stakeholders – their employees, shareholders and customers. Corporate leaders will always be on safe ground when they focus on their corporate mission, create a culture of compliance with relevant laws and respect the diverse views of their stakeholders. Our recent TIPP/JK Strategies employee survey shows the growing concern about companies delving into controversial areas from employees of large, medium and smaller companies.” – Jack Kalavritinos, Principal, JK Strategies
 
“Woke corporations seem to be jumping over each other to prove who is willing to give more money or change corporate direction to accommodate a loud group of far left activists who are characterized as ‘stakeholders.’ … Americans for Limited Government strongly supports Senator Rubio’s leadership on this important issue. Pensioners, those who hope to retire someday and other investors have a right to expect that the company’s they own are acting in their interests and not being the pawns of people whose goal is to destroy the free market system.” – Richard Manning, President, Americans for Limited Government (Release)
 
“Americans are FED UP with corporations going woke to distract from their mistreatment of customers… [Senator Rubio’s] new bill arms shareholders so they can hold corporations accountable. Corporate America, serve your customers, NOT woke politicians.” – Consumers’ Research (Twitter)
 
“The left and the right should be able to agree that no one wins if corporate executives are permitted to abandon their obligations to shareholders in order to act as unelected, unappointed policy czars. Senator Rubio’s legislation should sound as a fire bell in the night to those executives.” – Scott Shepard, Director, Free Enterprise Project (Release)
 
“JCN fully supports Senator Rubio’s new bill, the Mind Your Own Business Act. His bill will discourage woke CEO’s from using shareholder money to support political causes that have nothing to do with their business. We look forward to working with Senator Rubio to get this important bill passed and signed into law.” – Alfredo Ortiz, CEO, Job Creators Network (Release)