Multinational Business Roundtable Now Claims “Social Responsibility” More Important than Profit….

CTH suspected this was going to happen. This was predictable if you have followed the fracture between Main Street (Trump) and Wall Street (multinationals).  Remember, there are trillions at stake.  This news today is part of the battle.

Here’s the cut through the BS motive behind the multinational association of Business Roundtable CEO’s (these are all pure Wall St.) suddenly saying “social responsibility should be put above profit“…

NEW YORK (Reuters)Top CEOs say companies should put social responsibility above profit.  Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday.

The group’s “statement of corporate purpose” was signed by the heads of more than 180 U.S. companies, including the CEOs of Amazon.com Inc (AMZN.O), American Airlines (AAL.O), the largest airline in the world; and JPMorgan Chase & Co (JPM.N), the biggest American bank.

Although largely symbolic, the group’s statement goes against a roughly 30-year-old viewpoint that corporations exist to serve shareholders. (read more)

This is self-serving and highly manipulative decepticon double-speak.   They haven’t changed their view on ‘stewardship’, not one bit.  They are stewards for self, and by extension they were ultimately stewards for their shareholders.   However, their allegiance was/is always to the bottom line; the “international” bottom line.

The multinational corporations that make up the Business Roundtable are the same multinationals who exported jobs, destroyed manufacturing industry in the U.S., and created the rust belt.  These are the Wall Street multinationals who benefited the most from purchased political policy over the past 30 years.

What they are doing now, ties directly into what Nancy Pelosi is doing.

The Democrats and big multinational business interests are now in alignment.  Their common adversary is President Trump.   Pelosi, Schumer et al, have spent years blaming corporate greed for all the ills within society; while simultaneously taking billions from their trough.  It was always a con; it is part of the UniParty aspect of DC.

Now Pelosi and Schumer need to use their commonality with the Big Club to attack their common adversary: President Donald Trump and his Main Street America-First agenda.

The forecast long-term interests of the Multinational Roundtable means they need to align with the social proclamations of Pelosi’s Democrats.

They will do this fake metamorphosis by shifting from “shareholder” stewardship (those who own stocks), to “stakeholder” stewardship (those who purchase their products and demand a seat at the table to influence corporate ideology).

That’s the motive for the change in position.

According to their strategy, as soon as President Trump is removed everyone goes back to their former activity.  Business as usual for UniParty, and business as usual for the Big Club.

If these U.S. corporations were concerned about “social responsibility” they would pack-up their overseas operations, invest in the United States economy, and join with President Trump in trying to maximize the benefits to Main Street.  But that ain’t their plan….

Their plan is to retain their overseas investments and fight against U.S. policy that undermines their multinational business models.  Ergo they need to re-brand, put on the mask of social justice, and find alignment with Democrats toward the united objective.

That’s what they are doing, and it is brutally transparent if you understand the fight.

Cue an Example:

Peter Schiff is the CEO of  “Euro-Pacific Capital” an investment group that puts their investment portfolio where?…  Europe and China.   The entire purpose of their existence is to funnel and manage investment funds in Europe and Asia.

Do you think Peter Schiff and his Euro-Pacific investment firm might be uniquely exposed to capital losses while the economy of Europe and China shrinks?

President Trump’s economic plans and trade activity is 180° in opposition to Peter Schiff’s entire portfolio.  If Trump is successful, if the USA wins, Schiff goes out of business.

Nuf said.

This is the battle we’ve been waiting for.  This is the USA -vs- the Multinationals who almost destroyed Main Street and the U.S. middle-class.   President Trump is the only candidate who would have waged this fight…

There are trillions at stake.

.

…”complicated business folks, complicated business”…

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This entry was posted in Big Government, Conspiracy ?, Cultural Marxism, Decepticons, Deep State, Dem Hypocrisy, Donald Trump, Economy, Election 2020, European Union, Legislation, media bias, Nancy Pelosi, President Trump, Professional Idiots, propaganda, Trade Deal, Uncategorized, US Treasury, USA. Bookmark the permalink.

262 Responses to Multinational Business Roundtable Now Claims “Social Responsibility” More Important than Profit….

  1. JRD says:

    Okay, then AMERICAN CEO’s social responsibility to Middle Class AMERICANS should come FIRST !
    DUH

    The American Middle Class are people too. These Americans have rights. Where is their social justice?

    Why does the American Middle Class have to pay for everyone else’s social justice?

    Liked by 1 person

  2. BigTalkers says:

    Their biggest problem being actually saying all this with a “straight face!”

    Like

  3. Caius Lowell says:

    Multinational Business Roundtable Really Saying “Protecting Their Globalization-Based Profits” More Important than Social Responsibility….

    Liked by 1 person

    • Caius Lowell says:

      …more important than speaking truthfully too, but that goes without saying…

      Liked by 1 person

    • The Demon Slick says:

      This too will fail. We are blessed with stupid enemies. They will not be able to maintain solidarity. First because most corporations are small, not giant conglomerates. 2nd because greed and human nature. They’re all going to be hedging their bets. They can’t help themselves. None of them are really willing to risk it all. What’s really interesting is the complete absence from the discussion of the fact that this is illegal. Publicly traded corporations are required by law to maximize profits for their own shareholders. Fiduciary duty. They can be criminally prosecuted for breaching their fiduciary duty, and they could face massive lawsuits in civil court. Publicly traded corporations regularly face shareholder lawsuits over corporate decisions. Rarely does the defendant corporation admit guilt in advance.

      Liked by 1 person

  4. Robster says:

    A terrible example, Peter Schiff is a LIBERTARIAN economist and is just as anti-media as this website is. It is Mr. Trump who called the stock market a big fat ugly bubble, and now he’s tied his success to it during a tired bull market. Mr. Schiff believes this is President’s Trumps greatest vulnerability and is a valid concern….if the economy is so great, why push for lower interest rates and more tax cuts? Meanwhile, Peter Schiff’s primary means of investment is gold (perhaps readers of the CTH would care to look at the price of gold these days). If one thinks that soaring deficits, fiat currencies and central bank lunacy is a good thing, then stuff your money in a mattress or invest in overpriced developed market equities. Or you can listen to Peter Schiff’s podcasts and get a libertarian perspective.

    Like

    • Pokey says:

      Come to Colorado and see the result of Libertarian social policy positions and Democrap economic positions in action. The Dems are wrecking our State and Libertarians are helping to enable it. You believe that individuals can be producers of wealth at the same time as they are consumers of mind altering recreational drugs. You should see how this actually works with real people who live in this newly created cesspool.

      I also don’t need to hear any self righteousness rants about not being hypocritical on personal liberty. The drug culture, that you believe is free people exercising their freedom of choice, is not compatible with a free market system you also believe in because people have to produce wealth in order to make free markets work. Saying that you choose to be a producer does not mean it is okay if others choose not to be. And lots of people choose not to be for lots of reasons that don’t include their pursuit of happiness. One size fits all is elegant, but not usually practical in the real world. Buying and selling stocks on Wall Street

      Your Libertarian hero is also a globalist fool. Free trade is fine as long as everyone plays by the same rules, which is also a pipe dream, as it were. Thank God that PDJT also knows this.

      As to Trump trying to tie himself to recent Wall Street numbers, I believe you are spot on. He is playing into the hands of his detractors by trying to take credit for something that means little to the economy, as proven by the ham handed investing by the Federal Reserve Banks, in the effort to flood the economy with money that is printed without the backing of real created wealth. And Trump is doing a high wire act by letting this practice continue.

      Liked by 1 person

      • Pokey says:

        Sorry, the incomplete sentence at the end of the second paragraph is the result of my usual poor job of editing my posts before I post them.

        Like

    • Justanelectrician says:

      Like most “libertarians” these days, Schiff’s finances are inextricably linked to the least libertarian government on the planet. Also, Trump’s plan all along was to let the market ride higher on tax reform, and then engage with China (knowing that would hurt the market). Like Sundance always tells us, he’s working for main street, not Wall street.

      Like

  5. EJ says:

    Sounds like there will be a bunch of shareholder suits coming forward.

    Liked by 1 person

  6. markone1blog says:

    I am getting a list of these companies and making certain that none of them can be found in my 401K. While they may think that paying stockholders falls lower on the list of priorities than “social responsibility.” However, I will also bet that they take substantial paychecks home.

    Like

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