The new face of fascism: 181 CEOs say profits & shareholders no longer their main concerns

In America today, privately-owned businesses are no longer motivated by profit and service. Instead, businesses have become an arm of the Democrat Party by discriminating against conservatives and promoting the Left’s agenda — of abortion, climate change, gun control, illegal “immigration”, LGBTs, etc.

See, for example:

On August 19, 2019, Business Roundtable — a group of 181 chief executive officers (CEOs) from major U.S. corporations — formalized this de facto trend by issuing a statement redefining the “purpose of a corporation”. The signatories include:

  • Mary Barra, 57, chair/CEO of General Motors.
  • Jeff Bezos, 55, founder/president/CEO of Amazon.com; owner of Washington Post.
  • Tim Cook, 58, openly “gay” CEO of Apple Inc.
  • Jamie Dimon, 63, chairman/CEO of JPMorgan Chase & Co. and chairman of Business Roundtable.
  • Brian Moynihan, 59, chairman/CEO of Bank of America.
  • Dennis A. Muilenburg, 55, president/chairman/CEO of Boeing.

CNBC‘s Maggie Fitzgerald reports that gone is the age-old notion that corporations function first and formest to serve their shareholders and maximize profits. Rather, “investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals.”

Business Roundtable chairman Jamie Dimon piously said in a press release: “The American dream is alive, but fraying. Major employers are investing in their workers and communities because they know it is the only way to be successful over the long term. These modernized principles reflect the business community’s unwavering commitment to continue to push for an economy that serves all Americans.”

Here is Business Roundtable’s Statement on the Purpose of a Corporation:

Americans deserve an economy that allows each person to succeed through hard work and creativity and to lead a life of meaning and dignity. We believe the free-market system is the best means of generating good jobs, a strong and sustainable economy, innovation, a healthy environment and economic opportunity for all.

Businesses play a vital role in the economy by creating jobs, fostering innovation and providing essential goods and services. Businesses make and sell consumer products; manufacture equipment and vehicles; support the national defense; grow and produce food; provide health care; generate and deliver energy; and offer financial, communications and other services that underpin economic growth.

While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders. We commit to:

  • Delivering value to our customers. We will further the tradition of American companies leading the way in meeting or exceeding customer expectations.
  • Investing in our employees. This starts with compensating them fairly and providing important benefits. It also includes supporting them through training and education that help develop new skills for a rapidly changing world. We foster diversity and inclusion, dignity and respect.
  • Dealing fairly and ethically with our suppliers. We are dedicated to serving as good partners to the other companies, large and small, that help us meet our missions.
  • Supporting the communities in which we work. We respect the people in our communities and protect the environment by embracing sustainable practices across our businesses.
  • Generating long-term value for shareholders, who provide the capital that allows companies to invest, grow and innovate. We are committed to transparency and effective engagement with shareholders.

Each of our stakeholders is essential. We commit to deliver value to all of them, for the future success of our companies, our communities and our country.

As we have seen in the policies and practices of Chase Bank, Bank of America, and countless others, the new objectives that now drive these corporations — those of “investing in employees” and “supporting outside communities” — mean, in practice, support for the Left’s agenda, as well as discriminatory policies against conservatives and Christians.

~Eowyn

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Auntie LuluTrailDustSbakerTomMichael Garrison Recent comment authors
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DCG
Admin

Yet I’m sure all these CEOs’ personal profit will not be affected one bit.

kjf
Guest
kjf

“Truth is not private property.”
ST Augustin of Hippo (Happy Feast Day)

To be fascist is to be anti (((Bolshivek))). Alas the word, like many others has been hijacked by the (((Reds))).

Mandatory reading should be required of Feder’s manifesto for breaking the financial slavery to interest

Dan
Guest
Dan

Each of our stakeholders is essential. So there it is coming at the end of this manifesto, an obvious lie that each “stakeholder” is essential, or indispensable, when practice proves otherwise. It’s almost comical these elites are such clowns. In his Logic of Failure German psychologist Dietrich Doerner proves through experimentation that corporate leaders generally have worse composure and judgment facing complex situations than everyday college kids do. So much for the “leadership skills” of these cardboard idiots who b.s. their way into some elite school. What all this sort of corporate gibberish means is little more than sending smoke… Read more »

Dave
Editor

I wonder what they are going to be saying when their investors pull their money and invest it elsewhere?

Auntie Lulu
Guest
Auntie Lulu

Excellent point! That is exactly what investors need to do, take THEIR money and put it somewhere else.

Mad Celt
Guest
Mad Celt

Everyone on that ‘short list’ is often called up as ‘advisors’. Their political ties run deep.

Michael Garrison
Guest
Michael Garrison

If I were in their shoes, Judgment Day might come to mind.
Realistically, they NEVER CARED for us…they just wanted to remove their God (money) from our wallets.

Tom Wigand
Editor

The Mussolini quote at the beginning. Before he went of the rails as a “Never Trumper,” Jonah Goldberg wrote an excellent book titled “Liberal Fascism.” It well details the dynamic of Fascism’s synergies between government and big business. In my book (“Communiques From The Vast Right-Wing Conspiracy”) I noted that the direction that the Progressives intend to take us — unlike the conventional wisdom of Socialism / “Democratic Socialism” / Communism — most closely resembles Fascism. The only difference being that unlike “classic” Fascism’s focus on a particular nation-state or ethnicity, Progressives intend to build a global Fascism focused on… Read more »

Sbaker
Guest
Sbaker

Agree that global fascism is the goal, but you omitted the politicians that will control it all. They all want to rule the world and the corporations, NGOs et al will all serve the world government leaders who will set themselves up as a monarchy of some sort and their noble class. The elite politicians will have control of all wealth and power, not the Corporations and NGOs, neither of which have a military.

Tom Wigand
Editor

We agree. I neglected to mention Progressive politicians. That said, they’ll all be a cabal — many of the same personages will rotate between political office, corporate boardrooms and NGO offices (and media). Not unlike what we’re already seeing in this country.

TrailDust
Admin

Wow, this is a very dark development! But then it’s not like we didn’t see it coming.