Peter Thiel’s New Venture Aims to Lure Companies Away From Environmental Justice Activism

Peter Thiel’s New Venture Aims to Lure Companies Away From Environmental Justice Activism
Mickey Mouse stars in the "Mickey and Friends Cavalcade, in Lake Buena Vista, Fla., on July 2, 2020. Kent Phillips/Walt Disney World Resort via Getty Images
Michael Washburn
Updated:
0:00

As the Walt Disney Co., Coca-Cola, Google, Microsoft, the Atlanta Falcons, and other high-profile corporate entities involve themselves in public controversies over hot-button social topics and pursue market strategies and internal policies based on Environment, Social, and Governance (ESG) and Diversity and Inclusion (D&I) principles, some asset managers increasingly wonder how to invest capital in a way that won’t compromise their fiduciary duty to shareholders who are seeking the highest possible returns.

The trend of “woke” corporate governance is so pervasive and its divisiveness and effects on the bottom line are so hard to ignore that two ambitious entrepreneurs, Vivek Ramaswamy and Anson Frericks, co-founded a new investment firm, Strive Asset Management, in May.

Michael Washburn
Michael Washburn
Reporter
Michael Washburn is a New York-based reporter who covers U.S. and China-related topics for The Epoch Times. He has a background in legal and financial journalism, and also writes about arts and culture. Additionally, he is the host of the weekly podcast Reading the Globe. His books include “The Uprooted and Other Stories,” “When We're Grownups,” and “Stranger, Stranger.”
Related Topics