Over a dozen Republican state financial officers demanded this week that a powerful business lobbying group reassess its commitment to woke capitalism amid a nationwide backlash against companies pushing leftist politics.
On Wednesday, the top financial officers for 14 states sent a letter to the Business Roundtable, an association of over 200 CEOs whose companies produce about one fourth of the nation’s GDP. The letter takes aim at the Roundtable’s 2019 decision to embrace a “stakeholder capitalism” model, wherein corporations prioritize social goals over generating profit. The financial officers argue that the shift to stakeholder capitalism gave CEOs an excuse to start wading into political matters and pushing leftist politics.
“Institutions of all kinds are being pressured to depart from their proper purpose and serve a left-wing ideology. In the case of…
