(Financial Times) Microsoft and Alphabet have pushed back against calls to include disclosures on environmental, social and governance issues in key US regulatory filings, setting them on course for a tussle with major asset managers.
(TechCrunch) The Senate confirmed Big Tech critic and prominent antitrust scholar Lina Khan as FTC Commissioner Tuesday. In a strong and surprising signal that the tech industry is overdue for some intense regulatory scrutiny, Biden elevated the newly-confirmed Khan to chair the agency the same day.
(The New Yorker) In Silicon Valley, “disruption” is giving way to “building.” What will be built? In 2009, Marc Andreessen—a Silicon Valley entrepreneur and angel investor best known for cofounding Netscape, in 1994, at the age of twenty-two—announced that he would be starting a venture-capital firm. “I’m crossing over into the dark side,” he said,…
(The Business Journals) Rainbow logos abound in June to honor Pride Month, but recently released data indicate LGBTQ+ employees are less satisfied at work than their colleagues.
(CNBC) Last June, social media feeds became flooded with corporate statements about how companies would promote racial equity within and beyond their workforce. The commitments came after the police murder of George Floyd sparked protests around the country.
(Bloomberg) The SEC announced the removal of Public Company Accounting Oversight Board Chairman William Duhnke.
(New York Times) Since the 1990s, the wisest oil-producing countries and companies have regularly reminded themselves of the oil patch adage that the Stone Age did not end because we ran out of stones; it ended because we invented bronze tools.
(Bloomberg) Exxon Mobil Corp.’s recent board of directors shakeup is by most accounts a clear signal to corporate America that ambivalence and greenwashing will no longer be enough when it comes to addressing the climate crisis.
(Bloomberg) MPower Partners Fund will focus on investing in growth- to late-stage Japanese startups, with the rest going into earlier-stage firms overseas in areas like healthcare, fintech and sustainability.
(The New York Times) Under current rules, it is the index fund executives, not the millions of people who invest in them, who have the power to cast proxy votes. Those votes are the heart of a system intended to give investors a voice on crucial matters like how much the chief executive is paid…