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The John Batchelor Show

S8 Ep273: CORPORATE GROUPTHINK AND THE SEC'S PROGRESSIVE SHIFT Colleague Charles Gasparino. Gasparino argues that corporate adoption of progressive policies was a defensive reaction to populism like Occupy Wall Street and fostered by "groupthink" at elite summits l

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 4 January 2026

⏱️ 7 minutes

🧾️ Download transcript

Summary

CORPORATE GROUPTHINK AND THE SEC'S PROGRESSIVE SHIFT Colleague Charles Gasparino. Gasparino argues that corporate adoption of progressive policies was a defensive reaction to populism like Occupy Wall Street and fostered by "groupthink" at elite summits like Davos. He further contends that the SEC has shifted from investor protection to enforcing "woke" environmental and social agendas under the Biden administration. NUMBER 2

Transcript

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0:00.0

I'm John Batchew with Charlie Gasparino.

0:07.4

Charles Gasparino is on Fox business all the time, covering breaking news stories.

0:13.3

But what he's done is the, he's done us the favor and the hard work of going back to when woke capitalism started.

0:22.5

And Zuccotti Park, Charlie and I both were there at different moments, seeing what

0:27.1

essentially was an encampment, not dissimilar to some of the encampments that have been

0:32.2

in the news recently, but it was centered around, well, it was sentimental, reminded me of my youth and the anti-Vietnam protests of the 1960s and 70s.

0:42.4

There were Marxist books laid out.

0:44.9

There were, well, there were no NLF flags, but in any event it was that, it would have been if it was 1969 and not 2011.

0:53.7

And the people who were there tended to be her suit and not corporate,

0:58.2

but they were objecting to something that was not true, but it was in the news, that the banks were

1:04.9

paying out big bonuses despite the fact that many people had lost their houses because

1:09.4

they'd bought something they couldn't afford.

1:12.4

That was the great recession. Here we are, though, talking now about some acronyms, and I need

1:18.1

some definitions, Charlie. You mentioned Larry Fink, and I find him a compelling person chiefly because

1:23.5

he talked to you. So many of these CEOs did not, and that's not helpful. That doesn't tell us what

1:30.1

happened. All right, you've mentioned ESG and T and DEI, those two things. There's also HR, and I became

1:39.6

suspicious after a while, Charlie, that the HR invented all this stuff. Is that true? Did they embrace it first

1:46.2

and then it went up the corporate ladder? Great question. I don't think so. I think it was

1:52.5

embraced at the top and I think it got infused into the corporate ecosystem at places like Davos

1:58.8

and the UN began with it with ESG environmental social

2:02.5

governance investing. Dei and you know in these sort of you know it's interesting you know

2:08.0

CEOs are very very very very much into group think I mean all these guys they all go to

...

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