Strive Asset Management, the shareholder known on Wall Street for railing against corporate “wokeness" and whose co-founder, Vivek Ramaswamy, is running for president (https://www.wsj.com/articles/the-anti-woke-presidential-candidate-who-wants-to-crush-esg-and-gut-the-fed-a486fdc), is taking aim at fast-food giant McDonald’s over its diversity policies. Strive this week sent a letter to McDonald’s expressing concerns over the way the restaurant operator handles diversity, equity and inclusion. A copy of the letter was reviewed by The Wall Street Journal. Strive cites AT&diversity, equity and inclusionT and Starbucks as examples of companies that have faced litigation for diversity policies that provided preferential treatment. Shares of McDonald’s are up about 11% this year so far, trailing the S&P 500’s roughly 19% rise.

Source: Wall Street Journal July 19, 2023 17:08 UTC