Matt Cole, head of Strive Asset Management, the anti-activism fund co-founded by GOP hopeful Vivek Ramaswamy, assails the use of sustainability targets in determining executive pay. He joins this week’s Merryn Talks Money to discuss what he says is Strive’s mission— encouraging companies to “focus on excellence” rather than ESG mandates—and argues why he thinks ESG mandates threaten democracy. Plus, Money Distilled author and senior reporter John Stepek on why the UK pensions Triple Lock needs to go. Sign up for Money Distilled now: https://www.bloomberg.com/account/newsletters/uk-wealthSee omnystudio.com/listener for privacy information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.