DAVID SACKS: “For years people have wondered why corporate America went so woke.”
@DavidSacks reveals the answer: two powerful firms — Institutional Shareholder Services (ISS) and Glass Lewis — control roughly 97% of all corporate voting.
When they issue a recommendation, massive passive funds almost always follow their lead. Just two companies end up steering the decisions of hundreds of public corporations — pushing DEI mandates and “woke” policies that put politics above performance and identity over merit.
These firms have far too much unchecked influence, and it’s time for accountability.
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