Hedge fund billionaire Paul Tudor Jones, a donor to
Democrats and Republicans alike, says Environmental,
Social, and Governance (ESG) is out of touch with the
majority of Americans who prefer companies to be focused
on how they treat their workforce rather than prioritizing
progressive pet issues.
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Bezos Fail: Amazon Fails to Overturn Staten Island Warehouse Union Vote
E-commerce giant Amazon has failed in its recent efforts to overturn a union vote at its JFK8 facility in Staten Island.
Engadget reports that a regional director with the National Labor Relations Board (NLRB) has rejected the e-commerce giant’s request to overturn the outcome of a unionization vote at its JFK8 facility in Staten Island. The JFK8 facility became the first unionized Amazon warehouse in the US after the vote, which took place in April 2022, with workers voting 2,350 to 1,912 in favor of joining a union.
Alma Delia Garcia of New York Communities for Change speaks during a protest (Photo by KENA BETANCUR/AFP via Getty Images)
Amazon was quick to contest the outcome, claiming “inappropriate and undue influence” from the NLRB and accusing Amazon Labor Union organizers of intimidating staff into supporting unionization. In an effort to have the decision overturned, the company also presented its case to Cornele Overstreet, a regional director with the NLRB.
But according to Overstreet, Amazon did not provide enough evidence of improper behavior to support annulling the election results. He concurred with the labor board hearing officer’s recommendation to uphold the union vote made by JFK8 in September.
The NLRB’s decision is a significant setback for Amazon, which has long been criticized for how it treats its employees. The business is alleged to have fostered a culture of intimidation and fear, and employees have spoken out about feeling highly stressed out and under pressure to meet inflated productivity goals. The decision by the NLRB to uphold the vote clearly indicates that workers’ rights are being taken seriously. The decision to unionize at the JFK8 facility was seen as a step towards improving working conditions for Amazon employees.
Amazon Labor Union President Christian Smalls responded to the NLRB’s ruling by declaring himself “certified by Region 28 NLRB.” The union “beat [Amazon] fair and square,” he continued, and he urged Andy Jassy, the CEO of Amazon, to “come to the table” so they could negotiate a contract.
Amazon, however, is not yet prepared to concede ground. The business has declared that it will contest the ruling and present its argument before the NLRB’s board in Washington. The case “has a real chance to end up in federal court,” according to Amazon CEO Andy Jassy, as it is “probably unlikely the NLRB is going to rule against itself.”
Read more at Engadget here.
Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan
Billionaire Donor: ESG Is Out of Touch with Americans Who Care Most About How Companies Treat Their Workers
Hedge fund billionaire Paul Tudor Jones, a donor to Democrats and Republicans alike, says Environmental, Social, and Governance (ESG) is out of touch with the majority of Americans who prefer companies to be focused on how they treat their workforce rather than prioritizing progressive pet issues.
ESG investing is the latest vector through which multinational corporations exert their undue influence upon publicly traded companies, forcing them to promote left-wing causes such as green energy or diversity requirements.
In a survey published by Jones’ Just Capital firm, 65 percent of more than 3,000 Americans surveyed said the biggest issues for companies ought to be wages for employees, creating jobs in the United States, ethical executive leadership, protecting employees’ healthcare benefits, supporting workforce training, providing a stable work-life balance for employees, and protecting consumer privacy.
Meanwhile, less than 12 percent of Americans surveyed said the top priorities for companies should include minimizing pollution, using sustainable materials, combatting global warming, and efficiently using resources to protect the environment.
Chart via Just Capital
“ESG is incorrectly characterized. Certainly, by what the American public tells us, it should be SGE,” Jones told CNBC this week, noting that Americans care vastly more about workers’ rights over a company’s environmental stance.
“Americans are becoming hyper-focused, as they should be, on worker treatment and welfare,” Jones continued. “Who remotely could be against that?”
“So much of ESG is politicized because the environmental part of the bucket seems to drive, or they would like to believe that the environmental part of it drives it, when in actuality the most important thing by a wide margin is how we pay and treat our workforce,” Jones admitted.
The admission is notable, as Jones’ Just Capital firm is dedicated to preserving and advancing ESG investments and related public policies.
Jones was a big dollar donor to President Joe Biden’s 2020 campaign, giving $50,000. At the same time, Jones has recently given to GOP candidates or PACs supporting them, including Ron DeSantis, Dave McCormick, Steve Daines, and Marco Rubio.
John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.
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