many other american corporations are
putting ill-informed political
correctness
above the truth and above corporate
profits like the black lives matter
campaign to defund the police and a
boycott of atlanta businesses
based on misinformation some of it from
president biden about a new voting law
in an open letter to america's corporate
managers in national review jerry
boyer puts corporate america on notice
and he joins me now jerry's the boy
research president and town hall
financial editor good to see you jerry
thanks for being here
how did american corporations
representing capitalism become so woke
because we didn't show up uh we simply
left an incredible vacuum
let me talk about baseball analogy you
can go out onto the field go out on the
diamond and you can lose the game
but there's another way to lose and
that's a forfeit so american
conservatives
and christians and observant jews and
people who have
the traditional moral code we simply
forfeited we didn't show up the left and
the revolution
hyper-organized and a group that
represents a tiny fragment of
ideological extremists
essentially were able to win the game by
showing up and they show up at
i've been attending annual meetings a
few dozen um over the past couple of
months
and there's if there's 200 people there
198 or 199 of them
are left-wing activists who bought one
share so they could speak
whereas serious investors um we're just
we're just awol but it's clearly not
representative of the majority of
shareholders who basically want to make
money
on their shares they buy into a company
not because they want it to be
politically correct because they but
because they want to make money on their
401k
yes and the companies the boards of
directors and the ceo have a fiduciary
duty
they are stewards first of all it's
required of a steward that they be found
faithful it's not their money so if the
ceo of at t
wants to go out there and lobby against
religious liberty or whatever that's
fine on his own time and on his own dime
but when they do it with our money
they're violating
their obligation to us and they're also
risking regulatory and political
backlash
um which means they're putting
shareholders last but
where first the shareholders are the
owners now we all understand that
they're doing something wrong
the question is are we going to wallow
in victimhood or are we going to use the
authority that we already have as
shareholders
exactly you know a lot of people
remember saul alinsky and
and not everybody remembers critical
theory in the frankfurt school of
marxism and so forth which is
is where critical race theory came from
it's not just coincidence that they have
very similar names
the idea was to infiltrate american
institutions schools
churches and finally corporations
capitalism itself to infiltrate
and destroy the capitalist democratic
system from within
this is a long term as much as you and i
dislike that you have to kind of admire
their ability to carry it out
yes in some ways they have more faith
than we do which is strange because
they're atheists um and yeah look that's
when i was a teenager i was reading
marcus and ardarno and
and gramsci and all the rest of it i
understand and i came to understand that
critical theory
and it's good that you're pointing out
that critical theory is the thing
critical race theory is just one
strategy it's a destroyer
it wants to destroy everything it has
nothing to do with racial justice
it has something to do with using
america's guilt over
historic race problems like slavery to
make us vulnerable to essentially
deconstructing all of western
civilization
so we shouldn't fall for that but we
also should not be passive in response
to it
our ideas are more powerful than their
ideas
and more profitable and and i i don't
want to just appeal to the materialistic
instincts because they're moral
instincts as well that need to come into
play but
but it's both and you put those two
together and i think we have
a more winning formula than they do
though you gotta you gotta give them
credit for getting as far as they've
gotten so far
into the boardroom of america's
corporations jerry boyer great enough
great to see you appreciate it thanks
for being here