ESG
Business & Economics
Bloomberg Article on ESG Quotes PRI’s Wayne Winegarden
A Sign the ESG Movement Is Too Big to Ignore: There’s Backlash In the waning days of the Trump administration, several agencies are pushing back on the notion that corporations should prioritize anything other than profits. By Peter Coy, December 22, 2020, 2:00 AM PST The legal principle that corporate ...
Business & Economics
Wayne Winegarden Quoted in Bloomberg Story on ESG Investing
A Sign the ESG Movement Is Too Big to Ignore: There’s Backlash By Peter Coy The legal principle that corporate boards must focus exclusively on maximizing value for shareholders wasn’t always taken for granted. It was enshrined in a 1919 court decision involving Henry Ford and two of his car ...
Business & Economics
If ESG Enhances Profits, Then Why All The Fuss?
The Department of Labor finalized a rule last month that, as the Wall Street Journal editorial page noted, should not be controversial. The rule states that private pensions cannot let ancillary issues distract them from their primary mission of securing their beneficiaries’ retirement. Failure to achieve this mission jeopardizes the financial ...
Blog
Who’s Better for the Stock Market? Republicans vs. Democrats
Free marketers often assume that between the two political parties, Republicans are better for the stock market. It makes sense. Republicans believe that economic growth can be achieved by reducing regulation and costs for businesses and relying on competition to encourage innovation. In contrast, Democrats believe that government should take ...
Blog
CalPERS and CalSTRS Annual Returns Latest Public Pension Crisis Warning Sign
The COVID-19 recession has fueled volatility in the financial markets. Investment portfolios saw sharp drops in March and April but have rebounded recently as the economy opened up in some areas. This volatility has negatively impacted public pension funds. The Sacramento Bee reported last week that, “California’s pension fund for ...
Blog
Stop Politicizing Investments
The University of California Board of Regents just announced that “the endowment, the pension and all of our working capital pools are fossil-free at the University of California”. The Regents justify the divestment based on their belief that “continuing to hold fossil fuel assets poses too great a financial risk.” ...
Business & Economics
Barron’s Op-Ed Cites PRI Study on Underperformance of ESG Investing
Former Connecticut State Treasurer and founder and president of the Institute for Pension Fund Integrity Christopher Bancroft Burnham recently cited Dr. Wayne Winegarden’s study showing how environmental, social, and governance (ESG) funds underperform broader investment funds over the long-term in an op-ed published in Barron’s. BlackRock’s ESG Strategy Plays Politics with ...
Blog
Hardening California’s ‘Progressive’ Wall
Earlier this month, Gov. Gavin Newsom acknowledged that the COVID-19 pandemic could be the crisis that his party has been looking for to permanently establish a progressive “nation-state.” “There is opportunity for reimagining a progressive era as it pertains to capitalism,” Newsom said earlier this month, when asked by a ...
Business & Economics
The SEC’s Proposed Rule Will Improve Transparency And Protect Investors
The complexity of the financial markets encourages people to support positions that would be unthinkable in most other situations. Such is the case with the Securities and Exchange Commission’s (SEC) proposed new regulations of proxy advisory firms. The SEC requires institutional investors (such as mutual funds and public pension funds) ...
Business & Economics
PRI Submits Written Comments to SEC On Proxy Advisory Firm Rule Change
PRI Senior Fellow in Business and Economics, Dr. Wayne Winegarden, submitted written comments to the Securities and Exchange Commission on their proposed rule change regarding more disclosure of conflicts of interest by proxy advisory firms, calling it “a positive step that would lessen the problems currently being imposed on investment ...
Bloomberg Article on ESG Quotes PRI’s Wayne Winegarden
A Sign the ESG Movement Is Too Big to Ignore: There’s Backlash In the waning days of the Trump administration, several agencies are pushing back on the notion that corporations should prioritize anything other than profits. By Peter Coy, December 22, 2020, 2:00 AM PST The legal principle that corporate ...
Wayne Winegarden Quoted in Bloomberg Story on ESG Investing
A Sign the ESG Movement Is Too Big to Ignore: There’s Backlash By Peter Coy The legal principle that corporate boards must focus exclusively on maximizing value for shareholders wasn’t always taken for granted. It was enshrined in a 1919 court decision involving Henry Ford and two of his car ...
If ESG Enhances Profits, Then Why All The Fuss?
The Department of Labor finalized a rule last month that, as the Wall Street Journal editorial page noted, should not be controversial. The rule states that private pensions cannot let ancillary issues distract them from their primary mission of securing their beneficiaries’ retirement. Failure to achieve this mission jeopardizes the financial ...
Who’s Better for the Stock Market? Republicans vs. Democrats
Free marketers often assume that between the two political parties, Republicans are better for the stock market. It makes sense. Republicans believe that economic growth can be achieved by reducing regulation and costs for businesses and relying on competition to encourage innovation. In contrast, Democrats believe that government should take ...
CalPERS and CalSTRS Annual Returns Latest Public Pension Crisis Warning Sign
The COVID-19 recession has fueled volatility in the financial markets. Investment portfolios saw sharp drops in March and April but have rebounded recently as the economy opened up in some areas. This volatility has negatively impacted public pension funds. The Sacramento Bee reported last week that, “California’s pension fund for ...
Stop Politicizing Investments
The University of California Board of Regents just announced that “the endowment, the pension and all of our working capital pools are fossil-free at the University of California”. The Regents justify the divestment based on their belief that “continuing to hold fossil fuel assets poses too great a financial risk.” ...
Barron’s Op-Ed Cites PRI Study on Underperformance of ESG Investing
Former Connecticut State Treasurer and founder and president of the Institute for Pension Fund Integrity Christopher Bancroft Burnham recently cited Dr. Wayne Winegarden’s study showing how environmental, social, and governance (ESG) funds underperform broader investment funds over the long-term in an op-ed published in Barron’s. BlackRock’s ESG Strategy Plays Politics with ...
Hardening California’s ‘Progressive’ Wall
Earlier this month, Gov. Gavin Newsom acknowledged that the COVID-19 pandemic could be the crisis that his party has been looking for to permanently establish a progressive “nation-state.” “There is opportunity for reimagining a progressive era as it pertains to capitalism,” Newsom said earlier this month, when asked by a ...
The SEC’s Proposed Rule Will Improve Transparency And Protect Investors
The complexity of the financial markets encourages people to support positions that would be unthinkable in most other situations. Such is the case with the Securities and Exchange Commission’s (SEC) proposed new regulations of proxy advisory firms. The SEC requires institutional investors (such as mutual funds and public pension funds) ...
PRI Submits Written Comments to SEC On Proxy Advisory Firm Rule Change
PRI Senior Fellow in Business and Economics, Dr. Wayne Winegarden, submitted written comments to the Securities and Exchange Commission on their proposed rule change regarding more disclosure of conflicts of interest by proxy advisory firms, calling it “a positive step that would lessen the problems currently being imposed on investment ...
