Thread by @AmyBeePhoenix

Both Coca-Cola and Delta had significant external activist pressure to make statements.

Multiple pension fund representatives signed this letter and they have significant power as shareholders.

These are publicly funded pensions being used to implement a corporate agenda

Here's Delta. Public pension funds are being used to push their political agenda on corporations through ESGs and proxy votes.

Here is a summary of the activist shareholder. They are advocating to use tax payer funded pensions to bypass government legislative process of implementing governance regulations on corporations.

corpgov.law.harvard.edu/2021/03/01/an-…