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Stock impact report

SCOOP: DEI policies threaten U.S. economy, according to state financial officers [FOX Business Network]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
EXCLUSIVE: Two dozen state financial officers sent a letter today to the U.S. Securities and Exchange Commission (SEC), asset managers, proxy advisors and public companies, sounding the alarm on the financial risk of prioritizing a political agenda , like DEI, over financial returns. In the letter, 24 state financial officers outline the risk of DEI destroying shareholder value and warn of potential consumer backlash and boycotts, decreased productivity and increased litigation costs when a political agenda invades financial institutions. "Asset managers and proxy advisors should not prioritize a political agenda over financial returns by supporting pro-DEI shareholder proposals and/or voting against directors who do not support such proposals," the letter said. The officers highlight the steps taken by the SEC under President Donald Trump 's administration to prevent activists from pushing a political agenda in corporate boardrooms. The letter advises companies on how to push Show less Read more
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