Tag Archives: Business

State Street Hypocrites

The Wall Street Journal recently reported in one of those typical feel-good-right-side-of-history stories, written almost always by its female reporters, that financial firm State Street, based in, where else, Boston, is insisting that companies it does business with put more women on those company’s boards and that it would vote against board members who were insufficiently enthusiastic with such causes.

It’s giving companies a year to comply. Or else, I guess.

The CEO of State Street Global Advisors, one Ronald O’Hanley, not a woman, said, oddly,“If someone could convince us that the absence of diversity or gender diversity is not a problem, we’re leaving that open. Will they? I doubt it.”

So, Ronnie, would that little bit of business philosophy include State Street Global Advisors own “Leadership Team”? It’s a regular Boys Club — 23 men to 5 women. It’s parent company, State Street, features 62 men and 18 women in its “Leadership Team.”

Perhaps some of those chaps will be leaving and be replaced by someone with her sex organs on the inside? (An odd way to measure qualifications for employment in a financial company.)

No?

Hhhhmmmmm, the classic liberal behavior, do as I say not as I do; AKA hypocrisy.

What’s changing, increasingly, is that the liberals that have take over so much of American business are willing to employ those businesses as weapons against other Americans. They are also abandoning their fiduciary duties in service of liberalism, fascism and socialism.

But back to that March 7 story. It deploys the usual weepy statistics about the lack of women on boards and how those companies with women do so much better than the small handful that don’t have any; or at least they did several years ago when the “study” conducted by State Street (surprise!) said so.

The story has one last kiss — a picture of a Dega-esque statue that State Street planned to place in front of the famous Wall Street bulls statue. I gather she’s supposed to face them like that lone Chinese man faced the tanks in Tiananmen Square. Subtlety isn’t exactly a liberal specialty.

Historical accuracy isn’t one either. But then history doesn’t serve as history for history’s sake or to be learned from in the eyes of the liberal but rather slaved to the propaganda mission and if it has to be plasticized and recast into different forms as if it were Play-Doh, then so be it; it served its purpose.

Bud Light Party Loses the Vote

Good news! Anheuser-Busch has pulled their disingenuous “Bud Light Party” liberal propaganda program masquerading as an ad campaign ahead of its previously scheduled run (until the election).

Apparently Amy Shumer’s and Seth Rogen’s smarmy commercials packed with “bipartisan” (AKA libtard talking points) disinformation didn’t set so well with beer buyers. Sales were down 5% for the quarter despite a lot of recent high-profile sports events which Bud was advertising within.

Of course the corporate liberals at A-B won’t admit that they might have made a mistake by going all liberal propaganda in simple beer commercials (liberals will politicize everything). A liberal will never admit a mistake if made in the furtherance of socialism. They are framing it as a change in branding and identity that was planned for.

Next up, Lady Gaga ads!

These people need to be fired.But you can bet that they’ll likely get promotions, bonuses and they’ll vote for Hillary (if not contribute to her campaign).

Taxing the Fizz Out of Us

Perhaps you’ve heard on the news about one of the latest bright ideas from our wise, Ivy League-educated governing mandarins — a tax on sodas.

Former New York City Mayor Michael Bloomberg popularized the idea a couple of years ago and now the idea seems to be spreading to other locales. It might even be on the ballot in a couple of cities.

The one I heard about was a one cent tax on a soda (or “soda pop” as we said when we were young). It didn’t specify what size this soda was but the news reporter said it was being enacted to combat the “obesity epidemic.” This would categorize this tax as an old-fashioned sin tax.

So, a one cent tax is going to somehow discourage people from drinking sodas.

Seriously?

Think about that for a moment.

Now, draw an imaginary circle of say five miles from where you live. You’ll probably know half-a-dozen grocery stores within that range. If you are a soda purchaser you’ll know immediately that the price variance within those half-dozen stores can be 25 cents or more. Between sales and specials it can balloon even more. The difference between brand name and store brand can be almost 50%.

A one cent tax?

That will have the same affect as blowing against a stiff breeze. None at all.

And the people behind the tax know this. I should say, the cynical power-hungry fascist liberals behind this know that.

The tax isn’t about curbing behavior or even raising money (that’s a side-benefit) but it’s about control.

First the tax will seem low. Then it will be raised. It will be continuously raised to the point where it begins to somewhat affect sales, wherein it will settle.

Likely soda companies will push to get waivers or carve outs — adding in a certain percentage of a sugar substitute or dropping the sugar level to possibly avoid the tax or some of it. Of course they’ll be able to do this because they’ll be pumping large amounts of campaign dollars into politicians’ campaigns — mostly Democrats because they are the ones pushing the tax campaigns and they are the ones running the cities and counties where most of these taxes are enacted.

The large corporations making most of the sodas — notable Coca-Cola and Pepsi — will also be donating tons of money to “civic” projects (almost always run by Democrat cronies) in those locales in what are really passive bribes. There might even be replays of activities like Jesse Jackson’s famous shakedown of Coca-Cola wherein Jackson’s brother suddenly became a new distributor with a very lucrative and exclusive Chicago market segment. Cha-ching!

Anyone not playing along will find themselves under investigation by various authorities, have permits or whatnot denied by those same authorities and be under attack by media entities and Democrat activists and their auxiliaries such as unions and NGO/nonprofits.

And this is how businesses are captured and turned into tools for Democrats.

The Children Are in Charge

Power Line noted this bit of corporate insanity at General Mills. I can’t add much beyond a couple of small points.

One, it’s a private company so it can do whatever it wants — of course answering to the shareholders. Hopefully they are making shareholders aware of their idiocy.

Two, let’s examine this concept of contractors and suppliers by “consumer” composition. I think they have erred focusing only on sexist and racist solutions since probably a majority of their consumers are actually children. So the contractors and suppliers, along with the boardroom, should probably be half children. It also should include some criminals since criminals eat breakfast cereal. Probably a couple of morons too for the board. Oh, wait, sounds like “moron” is already taken care of.

Maybe they should also stack the board and determine contractors and suppliers by states and locales where they sell the most product.

I’m thinking that General Mills didn’t think their progressive bona fides all the way through. No matter how they cut it they will still be evil, discriminating bastards. They have yet to figure out that life itself is one discrimination after another.

Oh, and they make the point that I continually beat on here, liberals are politicizing everything. Now they are into the cereal.

My final note is that I will not be buying General Mills products any longer…

A Bite Out of the Apple

Are you chuckling as much as I am about the European Union socking it to Apple for unpaid/back taxes on its European operations?

It couldn’t happen to a more politically correct liberal poster child than Apple.

Instead of saying, “Oops, our bad. We’re good liberals so we’ll just reach into our pocket and happily pony up the amount…,” Apple squealed like a stuck pig.

Don’tcha luv it when liberals are hoist by their own petard?

Hey, Timmy! You’re a big-time supporter of every liberal cause that rolls down the hill. You’re a supporter of Hillary Clinton, the Democratic Party and probably Bernie Sanders too. You wanted these things like big taxes and governmental micromanagement, but are they just for other people or are you willing to live by them?

Apparently not…

Now, are you a liberal who’s being mugged by reality? Are you going to learn the lesson? Do you understand that the Eurocrats view you and your company as little more than a servant of their enterprise. You are a sheep to be shorn and provide them with wool. It might be really cool wool but you’re still a sheep in their eyes. Baaaaaah!

Are you going to join us or is your liberal fealty, possibly driven by your boastful homosexuality, your greatest concern? Is your sexual upside-down cake so important to you that you’d piss away $13 billion of other people’s money (and much more year after year if you knuckle under to the Eurofascists)?

Free the Capacitors!

This story is related to the Starz story below.

Again, like Starz, it might seem inconsequential to your life.

But it’s not.

I know a little bit about these “capacitors” whose price was supposedly rigged. This is a ridiculous charge. It might be true but who cares? These electrical components cost pennies! They contribute a tiny fraction to the price of consumer electronics.

These aren’t specialized military or aerospace components which might cost a lot. These are off-the-shelf technology. These electrical components cost pennies! They contribute a tiny fraction to the price of consumer electronics.

Isn’t the usual complaint not that electronics are expensive but that they are ridiculously cheap? Part of that reason is the dirt-cheap electronic subassemblies made up of bargain basement parts like capacitors. Nobody’s being ripped off or forced to buy overpriced parts. These capacitors can be bought by the truckloads and there’s no shortage of makers. They are not anywhere close to being the most expensive part in any electronic device.

The companies pleaded guilty to save themselves the legal costs of fighting this (much like most of us will ‘plead guilty’ to a simple speeding or parking ticket to save ourselves the trouble of paying a lawyer or taking off from work to fight the ticket.

The charges were pursued by the Dept. of Justice’s San Francisco office so you can bet that some Silicon Valley companies pushed DOJ on this. Dig down and you might find those companies are going to cut a deal with the capacitor manufacturers to cut a fraction of a penny off the next load of capacitors.Oh, and guaranteed they contribute to the Democrat party.

Whatever, this is a waste of taxpayer dollars, a sign that government is way too big, micromanaging too many things it has no business overseeing and that the DOJ has too much time on its hands and too many people.

Starz Lobbies Up

This is a story that most people might simply shrug their shoulders and say, “So what?”

But there really is more to it.

Starz is a cable channel (actually several channels) that focuses on movies but is increasingly, like its competitors such as HBO and Showtime, developing limited-run series.

So why would a cable subscription TV channel hire a politically-connected (and expensive) Washington, D.C. lobbying firm, the Glover Park Group?

Good question. An obvious answer would be to protect itself from government regulation and harassment. But that doesn’t seem to be Starz’s reason.

There’s some hint in the story and press release that it wishes to influence Washington policy makers. Influence them how?

The announcing release said: “As the multichannel video industry continues to consolidate, lawmakers and regulators are increasingly focused on ensuring that the public interest in access to quality, diverse programming is preserved and promoted. Through outreach to government officials and communications within the Washington, DC market, Starz plans to work with the Glover Park Group to educate key stakeholders about the programmer’s outstanding array of shows, including its breakout hits ‘Power’ and ‘Survivor’s Remorse.’ Both shows have received strong viewership and critical acclaim driven by their appeal to the traditionally underserved African American audience.

It adds, “Ensuring that the public interest in access to quality, diverse programming is preserved and promoted.”

What?

That sounds a little odd. What business is it of the federal government what is available to the public on private TV networks?

Furthermore, what is it Washington’s concern that Starz seems to be promoting its programming aimed at “African-American” audiences? If Starz wants to promote the programs let it do it the traditional way — in the forum of public media.

I’m afraid that Starz is trying to use the power of the federal government to promote its programming and considering the debate over “set-top boxes,” likely trying to shoehorn its offerings into mandatory basic packages that the cable retailers offer. That is, forcing cable TV distributors to carry the package because of “diversity” requirements that certain people at the FCC want to mandate if (and when), the FCC decides to start regulating content. Don’t laugh, it’s already being proposed in the bowels of the agency and inside the Democratic party. Washington wants to control what you watch — and you can bet that it will be liberal propaganda (with diversity! i.e. a variety of approved skin colors not diversity in thought).

One more multiheaded point. The Glover Park Group is one of dozens similar groups in Washington that actually do nothing other than act as an interface between citizens and the evergrowing government. Not surprisingly the principals and employees of these groups are often ex-government employees and legislative aides and even legislators themselves who created these regulations in the first place. It’s a really lucrative gig — shaking down the rest of America.

They are parasites living off of your hard work while they force you to pay to jump through hoops they created.

You have to hire this mosquito to navigate the mosquito-infested swamp…

Not surprisingly this group, like most of them, is packed with liberals and it caters and contributes to the Dem party. So now, some of your Starz fee will be going into the pockets of the DNC. This is a self-perpetuating, cycle since the DNC and its supporters/enablers want to increase the government’s power and role in your life. It’s a downward cycle that isn’t going to stop itself.

How do we stop companies from needing to hire expensive Washington lobbyists?

One is that they need to stop hiring and promoting the liberals who want to make Washington the master of your business and your life. Secondly, they need to have a company policy to stay out of politics (many did but once liberals ascended the corporate ladder they changed that). Third, shareholders, owners, customers need to start pushing back. Fourth, the government and its tentacle agencies need to be trimmed and many even removed.

If Washington has less power, fewer people will want to go there and fewer of us will have to pay for it.