Abortion Law Gives GOP Ammo to Attack 'Woke' Corporations – Bloomberg

Bloomberg Daybreak Middle East. Live from Dubai, connecting Asian markets to the European opens. The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region.
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We join a group of filmakers from Germany as they seek out a shy schoolboy in the Philippines who harbors dreams of escaping poverty through surfing. After that we take a look at a unique hotel that offers surfers everywhere the perfect way to sample the waves in comfort, even in remote locations.
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Not that long ago, corporate executives had a single thing to worry about: profit. It was the raison d’etre, and it largely determined a company’s stock price, its ability to pay out dividends, and its longevity as a going concern. The public lionized old-school business leaders such as General Electric Co.’s Jack Welch not because of their winning personalities or social media savvy, but because they could reliably deliver growing profits year after year.
No longer. For today’s chief executive officers, the traditional financial metrics such as earnings and return on investment are being eclipsed in the boardroom and society by the demand to satisfy constituencies or take a stand on issues like abortion, global warming, and racial and gender equity. There’s long been that pressure from Democrats and liberals. But as the Republican Party has evolved from a body focused on tax cuts and less regulation into one driven by identity politics and White grievance, the pressure on businesses to pick sides will only grow.


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