Facebook and Drones: What Could Go Wrong?

0 | By Wall Street Insights and Indictments Staff

In the past, a flattening of the yield curve has indicated a potential recession, but is Shah Gilani worried? Certainly not. A recession isn’t on the radar right now, but big banks should still keep their eyes peeled…

On this episode of Varney & Co., host Stuart Varney and Shah Gilani dive into why Facebook Inc. (NasdaqGS:FB) is cracking down on cryptocurrency ads, and why initial coin offerings (ICOs) could be the real culprit. Then, Facebook’s next move in their drone program may surprise you. Plus, The Boeing Co. (NYSE:BA)’s stellar new supersonic jet could revolutionize travel in the twenty-first century. Click here to watch

CEOs and Politics: It’s Not Their Call

0 | By Shah Gilani

The growing trend of investing based on ESG (Environmental, Social, and Governance) issues has created a dangerous problem. That trend has started a new movement of CEOs advancing their personal positions on ESG issues, supposedly on shareholders’ behalf.

Investors now tend to vote with their consciences by buying shares of companies that “do no evil,” or produce goods and services they believe meet ESG standards. On the flipside, they have the power to sell shares of companies whose management, products, or profitability they find distasteful.

To meet the increasing demand for company leaders to make their politics public, more and more CEOs are coming out in “support of” or “condemning” issues they have no real stake in.

CEOs advocating personal ESG opinions or advancing their political agendas on company time (especially while employing company assets in the process) is inappropriate and unwarranted. Worse, public company managers using company platforms to advance their opinions and politics is dividing shareholders (and the public at large) on political, social, and environmental issues.

Here’s why the quickly advancing “CEO-Statesmen” trend is taking the country down a twisted path that will lead us off a dangerous cliff