Strive letters

(cont'd from yesterday's post)

So Strive is now functioning, investing its clients' funds in good businesses that look like they'll prosper. Strive has no political test to apply to those businesses. The financial industry knows what Strive is doing, because it's certainly not a secret. Its view is that asset management companies should do their duty to their clients by seeking the best possible ROI (return on investment) regardless of politics.

Non-financial companies feel the pressure too. So Vivek Ramaswamy, as Executive Chairman of Strive, wrote letters to some big ones urging them to resist the politics and do what's right for their shareholders. 

From his letter to Disney: “Disney must make clear that it will no longer take political stances on issues unrelated to its core business operations.” He noted that the company's public approval fell off a cliff when it took a strong stand on a very controversial matter in Florida, from 77% approval down to 33%.

From his letter to Apple: their "hiring must be based on merit - not race, sex, or politics." 

Strive now has standing with these companies because they've invested in them on behalf of their clients. (Read the letter to Chevron here.)

from NYPost