Charles Gasparino: Exposing the Cost of Corporate Wokeness
When Charles Gasparino set out to report on Silicon Valley Bank\u2019s collapse, he had no idea he was about to uncover a much larger story: the radical transformation of American business.\nGasparino, a veteran financial journalist at Fox Business, initially focused on the bank's poor risk management. But he soon stumbled upon something more troublesome\u2014an unhealthy fixation on diversity, equity, and inclusion (DEI) and environmental, social, and governance (ESG) policies.\xa0\nThis misplaced focus, Gasparino argues, played a significant role in the bank's ultimate demise.\nAs he dug deeper, a troubling pattern emerged. Silicon Valley Bank wasn't an isolated case\u2014it was just the beginning. From Disney\u2019s controversial policies under Bob Chapek to BlackRock CEO Larry Fink's aggressive push for ESG standards, Gasparino found that wokeness had infiltrated boardrooms across America.\nGasparino traced this trend back to the summer of 2020, when corporations reacted strongly to the George Floyd protests, exemplified by J.P. Morgan\u2019s CEO, Jamie Dimon, famously taking a knee.\nThrough extensive interviews and research, Gasparino documented how corporations eagerly embraced woke ideas, only to face harsh financial realities. His new book "Go Woke, Go Broke: The Inside Story of the Radicalization of Corporate America" offers a stark warning to CEOs who might be tempted to follow this path.\nOn today's episode of "The Daily Signal Podcast," Gasparino explains that when businesses stray from their core mission\u2014maximizing shareholder value\u2014it's a losing proposition. Listen as we explore how woke ideology reshaped corporate America and what can be done about it.\nEnjoy the show!