Woke corporate governance often stems from involved investment firms: Former Anheuser-Busch exec
Fox News
A former Anheuser-Busch executive explains why he left the company, now embroiled in the Dylan Mulvaney controversy, and how investment firms and pension funds can dictate corporate politics.
Altogether, BlackRock, Vanguard and another firm, State Street, manage about $20 trillion in capital, Frericks said, noting it is not truly "their" money but that of the investments of Americans' mutual funds and state pension funds. Charles Creitz is a reporter for Fox News Digital.
Frericks said in the case of one of the firms, it manages California's pension fund — the largest in the country — and that therefore California politicians can also have a say in the corporate governance and politicking of the firms they invest so heavily in. He joined Fox News in 2013 as a writer and production assistant.
Charles covers media, politics and breaking news, and has covered the annual CPAC conference for Fox News Digital.
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