During the 1990s, McDonald’s customers were grateful to Ed Rensi for reviving the hamburger business. Rensi “invented” chicken McNuggets not only but also used his position as a McDonald’s executive to promote conservative views. Rensi has subsequently established a nonprofit organization to combat “woke” businesses, which he will fund by donating money to conservative advocacy organizations in order to launch The Boardroom Initiative.
Rensi is a self-described “progressive socialist.” His goal with The Boardroom Initiative is to remove progressive ideas that have been major successes for working-class Americans, such as higher pay and perks. He also wants to end corporations from adopting so-called “woke” policies that he claims put shareholder equity at risk because they must pay more money to staff their operations.
The Chicago Teachers Union announced that it would use all legal means to prevent Rensi’s organization from closing schools. The Free Enterprise Project, which was formed by Rensi and his followers, has teamed up with the already existing The Free Enterprise Project to battle liberals in the stock market capitalist system of the United States. The group plans to buy millions of shares in public corporations in order to force businesses to abandon “woke” policies that were enacted to help workers.
The Free Enterprise Project, under its conservative leadership, has accumulated over 2,000 shares of Bank of America, a public stock company, in order to submit a motion at the shareholders’ next meeting – a suggestion that would eliminate Bank of America’s “woke” program to educate employees. A conservative motion before them asks bank shareholders to vote on a resolution calling for an audit of civil rights in order to prevent Bank of America executives from teaching staff using Critical Race Theory – CRT.
“Corporations have no business being on the right or the left because they represent everybody there, and their sole job is to build equity for their investors,” Rensi stated.
According to Rensi, he is not a political figure, but he believes that the political system may be used to eliminate civil rights programs from firms such as Bank of America that would promote more equality among employees.
“It is not the providence of board members or executives that take shareholder money profit and spend it on social matters,” stated Rensi.
“Hopefully, the Boardroom Initiative is the beginning of a new era in corporate America in which extremes of ideological politics are set aside so that everyone can work on creating value for both customers and investors,” Richard Morrison, a senior fellow at the libertarian Competitive Enterprise Institute, said of the initiative’s objectives.
Unfortunately, many people are afraid that Rensi’s attempt to sterilize Bank of America might jeopardize their retirement savings. People are concerned that these major banks will invest in politics rather than real assets that could assist ordinary Americans in retiring with some dignity since the organization has a political objective.
“Every state employee should have full faith and confidence that their retirement funds are being invested for maximum growth and not being used to promote a political agenda,” according to Lee Schalk, vice president of policy at the American Legislative Exchange Council.
