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WIBC 9AM-Noon Podcast

Target CEO says woke capitalism is great for their brand

WIBC 9AM-Noon Podcast

WIBC

News

4.61.2K Ratings

🗓️ 24 May 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Pat Sullivan here to remind you to stop putting screens on your gutters better to schedule a free

0:04.5

estimate with the local experts at gutter helmet. So you stay off the ladder.

0:08.7

Visit gutterhelmetindie.com with gutter helmet. You'll never clean your gutters again.

0:13.3

gutterhelmetindie.com. Let's talk about what's going on with target right now.

0:18.5

The CEO said in a recent interview that woke capitalism is great for their brand and the right

0:24.8

thing to do for society. He said this during a podcast about a week ago and he said the

0:32.5

corporation's image and bottom line is at stake. Wow. Really? The image is at stake.

0:40.4

Wasn't it interesting? We've had this conversation how many times over the past multiple months.

0:46.8

About there used to be a time where corporations had the ultimate check in balance and that was

0:52.9

the consumer. No matter what the actual interworkings of the entity was, the ultimate driver

1:01.2

was the dollars and cents. And yes, of course, some corporations might lean a certain way or

1:05.9

might donate to certain candidates or whatever. But when it was all said and done,

1:13.0

turning a profit, having a profitable, well respected business by as many consumers as possible

1:20.4

was all that matters. And there was almost some sort of, I guess the right would be diplomatic

1:25.1

immunity that these corporations had in regards to our beliefs don't matter. We are totally immune

1:30.4

from telling you our beliefs because it's Michael Jordan famously alluded to. Yeah. Republicans buy

1:34.8

shoes shoes too. And something happened along the way. And I maybe it's this ESG credit score.

1:42.7

Who knows exactly what it is where there is no longer a check in balance on these corporations.

1:48.4

And as we know, we've talked about other than where our man Bill Dimmery tells me to go,

1:54.4

I'm not a guy who actively engages in the stock market because of stuff like this,

2:00.0

because on a whim, some marketing directors, personal bias, or hatred for a college experience,

2:08.1

or whatever, they can make egregious decisions all about light. Well, that's your money they're

...

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