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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 index fund.
“There’s an increasing recognition from boards and executives that assessing CEO performance should include profit and a more holistic, long-term set of non-financial but material indicators. Issues like human capital, environmental risk, and governance issues are connected to the health and competitiveness of the firm – and that’s what we’re seeing emerge in compensation packages,” Just Capital chief strategy officer Alison Omens wrote in an email.
How exactly does this accord with the fiduciary duty of corporations to maximize shareholder value rather than leftist politics?
If Chipotle exists to promote leftist politics, then what are investors really in it for? You might as well just put your money into Cuba.
Chipotle has tied ESG goals to executive compensation since 2021, a measure that chief corporate affairs Officer Laurie Schalow said has helped not only make it “very clear” what the company’s priorities are but also helped the leadership team make “decisions that aligned with meeting those objectives.”
That explains the food poisoning.
More than 1,100 people were sickened in the outbreaks that caused the Justice Department to charge the fast-food restaurant chain with violating federal law by adulterating food. The outbreaks cited in the case are among at least seven that were traced to Chipotle during the 2015-2018 timeframe.
According to Jacobin magazine, Chipotle’s restaurants are understaffed and its staff overworked, which leads to frequent violations of food safety codes. According to the publication, workers allege that cross-contamination is frequent, and that food isn’t always kept at mandated temperatures. One worker said the only time the staff at their location observes handwashing requirements is during a health inspection.
ESG really is bad for you.
For Chipotle executives to meet these goals, the company needs to purchase at least 37.5 million pounds of local produce, improve its diverse employee retention, and increase the number of restaurants with composting programs.
Who cares about washing hands when you’ve got diversity?
Good info! Be careful going to restaurants.
I”ve never eaten at a Chipotle “restaurant” and never will.
Chipotle once offered an attractive lunchtime alternative for downtown Denver office workers. Those days passed long ago.
Yeah! Let’s pretend that two things that have nothing to do with each other are connected, provide no evidence or reasons, and then let our dogmatic, uncritical readers Pat us on the back.
Man, we’re really good at this, aren’t we?
Maybe you missed this:
According to Jacobin magazine, Chipotle’s restaurants are understaffed and its staff overworked, which leads to frequent violations of food safety codes. According to the publication, workers allege that cross-contamination is frequent, and that food isn’t always kept at mandated temperatures. One worker said the only time the staff at their location observes handwashing requirements is during a health inspection.
Maybe ESG is just a self-righteous veil obscuring bad business practices.
That’s what ESG and most virtue signaling is there for.
Priorities of the company management team have nothing to do with safety and how the restaurants operate? That’s not what leftist activists, lawyers, and politicians have been arguing for the last 40 years, particularly in the restaurant industry.
I wouldn’t condemn the whole company based on 1 person saying the whole staff only observes handwashing requirements during inspection. (Do you think your local pizza joint observes all the handwashing requirements that large Corporate franchises are required to do? Absolutely not, but you still go there).
I don’t think the illegal aliens staffing any fast food place wash their hands. But at least the local pizza place doesn’t push leftist politics and talk about its diversity instead of telling its employees to wash their damn hands.
Speak for yourself. I walk out of large franchises or mom and pop joints when I see unacceptable practices. I know how to spot them, and I’m looking from the moment I pull up. Individual locations do reflect on the franchise, and in several it’s so widespread I’ve blessed the whole corporation.
I haven’t worked in the food service industry in two score years, but I still know current workers who have quit their jobs and gone elsewhere because they found the standards where they worked unacceptable. There’s never been a shortage of food service jobs in the metro Atlanta area, you don’t have to put up with it here.
way too many liberals trying t o save the world from a fake threat and becoming the danger to the whole world
They produce the ESG from the composting process.
Like being on time and striving for perfection, food safety codes and hand washing are clearly “white supremacy.”
Multi-Culteralism Open Borders and Diversity has been a total disaster
This problem will solve itself, once the WEF cuts off the food supply and sends it all to China.
Chipotle’s stock is on an absolute tear. It’s over 2k per share & everyone’s recommending it.
I’ve never eaten there though.
About ESG, which I know nothing about, as usual. Supposedly the G stands for good governance. Good governance. That must be the biggest joke on the planet.