Adonis Hoffman, CEO of The Advisory Counsel weighs in on the landmark Sprint - T Mobile merger
Blue chip companies like Comcast, Microsoft, Google, Bank of America, Nike, AT&T, Target, Walmart, Sony, Verizon and others have made multimillion-dollar commitments to Black organizations following the 2020 social and economic justice movement. Over time, companies must fine tune their approach for long-term success.
We cannot expect proxy advisory firms to remain neutral on diversity, equity, inclusion (DEI) and environmental, social and governance (ESG) proposals. According to precedent, today's proxy advisors can be expected to side with corporate management the vast majority of the time, which may not always be best.