Environmental, Social, and Governance. (ESG)

 Environmental, Social, and Governance. (ESG)

 The acronym stands for a company management plan to do nice things for the environment, social something or other, and governance, a scheme were company management abandons traditional company goals, and aims for environmental and social goals.

 The American corporation has been fantastically successful over many years.  Corporations produce goods and services, at very good prices and in vast quantities.  Earnings are solid, and are shared between share holders and workers.  Most Americans work for corporations and get their health insurance from the corporation that employs them.  American corporations are an important part of American economy and well being. 

   We should not mess things up with ill considered changes that might throw us out of work and cancel our health care.

 Right now successful corporate managers concentrate on improving the corporate production (automobiles, aircraft, tools, house wares and other stuff) (producing services such as communication (cell phone, TV, newspaper, more economically) or providing transportation (railroads and airlines) more economically.  

 Do we want corporate management to stop this beneficial activity and start tending the environment, the social feelings of just about anybody, and setting up governance that locks the corporation into activities that do not improve the company bottom line?   And instead of divvying up corporate profits between share holders and worker, ESG would grab off a good chunk of corporate revenue to support the Green Nude Eel and deny the money to workers and stock holders. 

 I think we should stick with the corporate governance that has paid us such solid dividends over many years.  Work on getting costs down and quality up.