Peabody Energy Corporation (BTU)

[Long2Retire]

The number one job of the Block Rock management team is to make money for the shareholders.

Well. It should be. But:

Exclusive: Anti-Woke ‘Strive’ Unveils $DRLL to Go to War Against BlackRock, ‘Depoliticize Corporate America’
https://www.breitbart.com/politics/2022/08/10/exclusive-anti-woke-strive-unveils-drll-go-war-against-blackrock-depoliticize-corporate-america/

"The anti-woke asset management firm Strive is taking on the likes of BlackRock to “depoliticize corporate America” so consumers can embrace commerce without compromising their values, Strive’s Head of Corporate Governance Justin Danhof says.

In an exclusive interview with SiriusXM Patriot’s Breitbart News Daily, Danhof detailed how the “Big Three” asset management firms in the United States — BlackRock, State Street, and Vanguard — are using their trillion-dollar leverage to impose woke policies on the corporations they hold large stakes in.

Strive, Danhof said, has launched to tackle the Big Three’s grip on the asset management industry with a goal to end what he calls “an ideological cartel” in corporate America.

“We’re a new asset manager that has … just this new ambitious idea of taking on the behemoth Big Three which is BlackRock, State Street, and Vanguard that really acts as an ideological cartel these days,” Danhof said of Strive. “You could almost think of them as a monarchy of sorts you know, 250 years after we dusted off the British, we’re fighting a new monarchy again.”

“These three asset managers control $22 trillion in asset fund management. And so, if you think about that … that’s greater than the GDP of the United States of America,” Danhof explained. “And what do they do with that money? Well, they use their shareholder vote and their advocacy, that is their engagement with business, to affect culture in ways that most Americans disagree with.”

Danhof said environmental, social, and governance — known as ESG — is driving asset management firms to pressure corporations on a swath of left-wing issues.

“They use that $22 trillion in assets because they are upstream from American businesses to tell American businesses how to act,” Danhof said. “In a very large sense, what your audience sees every day with actions by Bank of America debanking gun clients or Nike pulling a Betsy Ross tribute shoe or Chevron and Exxon, for example, canceling energy projects here in the United States and abroad, a lot of the times you can actually point upstream and see that the largest shareholders of these companies are actually pressuring them to take these actions that are, again, going against the will of not only everyday citizens … but very often the folks who have their hard-earned money … with BlackRock, State Street, and Vanguard.” [Emphasis added]

Most crippled by ESG, Danhof said, is the American energy sector."

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