Uncategorized

(HBR) In the past year, ESG investing has become caught up in America’s culture wars, as prominent GOP politicians claim that it is a mechanism investors are using to impose a “woke” ideology on companies. Former Vice President Mike Pence has railed against ESG in speeches and in an op-ed. A variety of Republican governors…

(TechCrunch) A few weeks ago, a founder told me it took three hours of endless clicking to find an AI-generated portrait of a Black woman. It reminded me, in some ways, of a speech I saw three years ago when Yasmin Green, the then-director of research and development for Jigsaw, spoke about how human bias…

(The American Prospect) The first generation of climate migrants tries to cling to the places they call home, but bureaucrats, wallets, and an overheating planet have the final say. After natural disasters that render areas or regions uninhabitable, Bittle argues, many people will seek out deeply resourced cities that can recover faster than rural areas.…

(The Information) Stripe plans to either go public or make a deal that will allow employees to sell stock within the next year, the company told employees and investors Thursday, moves that would be aimed at easing a looming stock crunch for some veteran employees. Read more here.

(Reuters) Shareholder resolutions filed by New York City’s top pension official will ask top Wall Street banks including JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) to set stricter 2030 greenhouse gas emissions reduction targets for portfolio companies. If the advisory proposals come to a vote at bank shareholder meetings this spring they would test investors’ climate…

(Bloomberg) At Twitter, the diversity, equity and inclusion team is down to just two people from 30, one former employee said. A DEI worker who was let go from a popular ride-share company said their job search has stalled as other technology companies assess their finances. And just before getting the axe at separate tech…

(Bloomberg) Corporate leaders who talk the most about diversity may benefit from greater investment in their companies by socially conscious funds, even if hiring and promotion efforts are lackluster. The biggest braggarts may benefit the most from what researchers call “diversity-washing.” Read more here.

(Wall Street Journal) British legislators are set to approve a draft of an extensive new social-media bill that could see the chief executives of major tech firms held criminally liable if they don’t protect children from certain content online. As the U.K. moves closer toward enacting new legislation that technology companies say is too restrictive,…

(Reuters) Sequoia Capital has lowered management fees in its two recently-launched venture funds as it braces for a slower investment environment, partner Alfred Lin said on Thursday. The changes in fee structure, communicated to investors in December, allow limited partners (LPs) who committed capital to Sequoia’s crypto and ecosystem funds launched early last year to…

(The Information) the increasingly bloodied market for tech startups is strengthening the hand of one group of investors: the wealthy individuals and institutions that put money into venture capital funds. These limited partners are seeking better terms, such as guaranteed access to startup deals, reductions in the fees they pay the VC firms and even…