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The Monopoly on Ideas
ISS and Glass Lewis have 97% market share in proxy voting. They abide by the ESG orthodoxy when it comes to executive compensation packages that take into account ESG factors, not just traditional business factors. Big capital actors and CalPERS are now saying we won't do business with you unless you embrace the gold preparest climate. It's a misuse of government power, which is why I often say this, it makes people matter.