Finally, as a last added pressure: ESG Investing. If being part of the consensus wasn't enough for executives, there's now a monetary incentive to be part of this consensus because by advocating for a specific value system, companies like Blackrock and Vanguard will overweight their corporation in indexes which will increase the demand for their shares and therefore increase share price. Even if executives disagreed with the values, it wouldn't make sense from a shareholder value perspective to ignore these values.
We may be also seeing some good old fashioned corporate looting. Ford's CEO has increased his own compensation by 90% from just 2020 even as the company loses $30k on each EV it sells... which is the tech they've supposedly committed to.
We may be also seeing some good old fashioned corporate looting. Ford's CEO has increased his own compensation by 90% from just 2020 even as the company loses $30k on each EV it sells... which is the tech they've supposedly committed to.