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2025-01-13 -Lurid Crime Tales-
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American Airlines broke the law by focusing on ESG in 401(k) plans: judge
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[NYPost] A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its employee retirement plan on environmental, social, and other non-financial factors.
The ruling by US District Judge Reed O’Connor appeared to be the first of its kind amid growing backlash by conservatives to an uptick in socially-conscious investing.
O’Connor said American had breached its legal duty to make investment decisions based solely on the financial interests of 401(k) plan beneficiaries by allowing BlackRock, its asset manager and a major shareholder, to focus on environmental, social and corporate governance (ESG) factors.
This will be a stake through DEI's heart by ripping the money away from Blackrock and other grifting corporations 
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Posted by DarthVader 2025-01-13 11:21||
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