Charles Gasparino: Exposing the Cost of Corporate Wokeness

The Daily Signal

News, Daily News, Politics, Government

4.8 • 1.4K Ratings

🗓️ 6 August 2024

⏱️ 28 minutes

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Summary

When Charles Gasparino set out to report on Silicon Valley Bank’s collapse, he had no idea he was about to uncover a much larger story: the radical transformation of American business. Gasparino, a veteran financial journalist at Fox Business, initially focused on the bank's poor risk management. But he soon stumbled upon something more troublesome—an unhealthy fixation on diversity, equity, and inclusion (DEI) and environmental, social, and governance (ESG) policies. This misplaced focus, Gasparino argues, played a significant role in the bank's ultimate demise. As he dug deeper, a troubling pattern emerged. Silicon Valley Bank wasn't an isolated case—it was just the beginning. From Disney’s controversial policies under Bob Chapek to BlackRock CEO Larry Fink's aggressive push for ESG standards, Gasparino found that wokeness had infiltrated boardrooms across America. Gasparino traced this trend back to the summer of 2020, when corporations reacted strongly to the George Floyd protests, exemplified by J.P. Morgan’s CEO, Jamie Dimon, famously taking a knee. Through extensive interviews and research, Gasparino documented how corporations eagerly embraced woke ideas, only to face harsh financial realities. His new book "Go Woke, Go Broke: The Inside Story of the Radicalization of Corporate America" offers a stark warning to CEOs who might be tempted to follow this path. On today's episode of "The Daily Signal Podcast," Gasparino explains that when businesses stray from their core mission—maximizing shareholder value—it's a losing proposition. Listen as we explore how woke ideology reshaped corporate America and what can be done about it. Enjoy the show! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Daily Single Podcast for Tuesday, August 6th. I'm Virginia Allen.
0:10.0	Charles Gasparino is a financial reporter.
0:13.0	After the collapse of Silicon Valley Bank, Charles began looking in to some of the financial investments that such institutions were making.
0:21.0	How are they prioritizing their resources? That journey ultimately
0:25.0	resulted in the book Go Woke, Go Broke, the inside story of the radicalization of
0:31.2	corporate America.
0:33.0	The Daily Signals Rob Louie sits down with Charles on today's show to discuss the book
0:38.2	and to warn financial institutions from following suit to institutions like Silicon Valley Bank.
0:45.2	Stay tuned for their conversation after this.
0:47.6	This is Rob Lewy from The Daily Signal.
0:53.0	In today's media landscape, it's more important than ever to have a trusted source of news and conservative commentary.
1:00.0	That's why we are asking for your support.
1:02.0	Your donation helps us continue our mission of delivering accurate, factual reporting
1:06.9	on the issues that matter most to you.
1:09.2	Whether it's $5 or $500, every contribution makes a difference.
1:14.7	Visit Daily Signal.com slash donate
1:17.4	to help us keep Americans informed and fight for conservative values.
1:21.8	The Daily Signal is your voice for the truth.
1:26.0	Charles Gasparino is a veteran Fox business financial journalist in New York Times
1:30.8	best-selling author and he joins the Daily Signal today on the day that his new book is out in print.
1:37.4	It's called Go Woke, Go Broke, The Inside Story of the Radicalization of corporate America.
1:43.4	Charlie, thanks so much for being with us.
	...

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