Anson Frericks

And when Trump was first elected and he pulled out of these supranational organizations, the Paris Climate Accords, pulled out of the human rights sort of campaign coalitions, all of a sudden, a lot of these more progressive institutions that said, wait a minute, like we thought government was going to solve these existential crises of climate change and banking systems and systemic racism and you kind of name it.

Now all of a sudden they're not, and we need business to do this. And by the way, a lot of progressive pension funds, state of California, state of New York, European sovereign wealth funds like Norway and others, they have collectively trillions of dollars of assets.

Now all of a sudden they're not, and we need business to do this. And by the way, a lot of progressive pension funds, state of California, state of New York, European sovereign wealth funds like Norway and others, they have collectively trillions of dollars of assets.

Now all of a sudden they're not, and we need business to do this. And by the way, a lot of progressive pension funds, state of California, state of New York, European sovereign wealth funds like Norway and others, they have collectively trillions of dollars of assets.

And they said, okay, now if these, a lot of these banks that had all of a sudden started talking more about environmental, social governance issues, we're going to manage money on our behalf. We wanted them to solve a lot of the existential crises in this country that Trump was not going to do in 2016. And at that time period, you had a really interesting thing that happened.

And they said, okay, now if these, a lot of these banks that had all of a sudden started talking more about environmental, social governance issues, we're going to manage money on our behalf. We wanted them to solve a lot of the existential crises in this country that Trump was not going to do in 2016. And at that time period, you had a really interesting thing that happened.

And they said, okay, now if these, a lot of these banks that had all of a sudden started talking more about environmental, social governance issues, we're going to manage money on our behalf. We wanted them to solve a lot of the existential crises in this country that Trump was not going to do in 2016. And at that time period, you had a really interesting thing that happened.

We've been with BlackRock. Quite. The largest asset management company in the world. Managed about over $10 trillion worth of capital. And what was interesting is BlackRock was really one of the leaders of this movement, along with State Street, Vanguard, those three largest asset managers in this entire country, managed about $20 trillion worth of assets.

We've been with BlackRock. Quite. The largest asset management company in the world. Managed about over $10 trillion worth of capital. And what was interesting is BlackRock was really one of the leaders of this movement, along with State Street, Vanguard, those three largest asset managers in this entire country, managed about $20 trillion worth of assets.

We've been with BlackRock. Quite. The largest asset management company in the world. Managed about over $10 trillion worth of capital. And what was interesting is BlackRock was really one of the leaders of this movement, along with State Street, Vanguard, those three largest asset managers in this entire country, managed about $20 trillion worth of assets.

They're the single largest shareholder in 95% of the S&P 500. And they wield a lot of influence in terms of telling companies kind of what to do. And the problem with a lot of these big asset managers is that it's not their own money that they're managing.

They're the single largest shareholder in 95% of the S&P 500. And they wield a lot of influence in terms of telling companies kind of what to do. And the problem with a lot of these big asset managers is that it's not their own money that they're managing.

They're the single largest shareholder in 95% of the S&P 500. And they wield a lot of influence in terms of telling companies kind of what to do. And the problem with a lot of these big asset managers is that it's not their own money that they're managing.

You know, if this was like George Soros type money or, you know, Bill Gates, like it's their own money and they, you know, ask companies to do all types of crazy things. But the problem was with BlackRock, State Street and Vanguard is they were managing, I mean, a lot of times like your money, my money through 401ks or pension funds or others.

You know, if this was like George Soros type money or, you know, Bill Gates, like it's their own money and they, you know, ask companies to do all types of crazy things. But the problem was with BlackRock, State Street and Vanguard is they were managing, I mean, a lot of times like your money, my money through 401ks or pension funds or others.

You know, if this was like George Soros type money or, you know, Bill Gates, like it's their own money and they, you know, ask companies to do all types of crazy things. But the problem was with BlackRock, State Street and Vanguard is they were managing, I mean, a lot of times like your money, my money through 401ks or pension funds or others.

And because of their largest sort of clients, which again are more the progressive pension funds than others, are telling them that they want business to get more involved in politics and social issues, then all of a sudden they're starting to force a new agenda on corporations, telling companies that we want you guys to get more involved in environmental, social, and governance issues.

And because of their largest sort of clients, which again are more the progressive pension funds than others, are telling them that they want business to get more involved in politics and social issues, then all of a sudden they're starting to force a new agenda on corporations, telling companies that we want you guys to get more involved in environmental, social, and governance issues.

And because of their largest sort of clients, which again are more the progressive pension funds than others, are telling them that they want business to get more involved in politics and social issues, then all of a sudden they're starting to force a new agenda on corporations, telling companies that we want you guys to get more involved in environmental, social, and governance issues.

And they even changed the purpose of a corporation in the 2018, 2019 time period. There was a famous letter that Larry Fink, the CEO of BlackRock wrote in 2018, essentially telling companies that we want them to now earn their social license.