When Charles Gasparino set out to report on Silicon Valley Bank’s collapse, he had no idea he was about to uncover a much larger story: the radical transformation of American business.
Gasparino, a veteran financial journalist at Fox Business, initially focused on the bank’s poor risk management. But he soon stumbled upon something more troublesome—an unhealthy fixation on diversity, equity, and inclusion (DEI) and environmental, social, and governance (ESG) policies.
This misplaced focus, Gasparino argues, played a significant role in the bank’s ultimate demise.
As he dug deeper, a troubling pattern emerged. Silicon Valley Bank wasn’t an isolated case—it was just the beginning. From Disney’s controversial policies under Bob Chapek to BlackRock CEO Larry Fink’s aggressive push for ESG standards, Gasparino found that wokeness had infiltrated boardrooms…