West Virginia Targets “Woke Capitalism”

What is happening? The treasurer of West Virginia announced that Goldman Sachs, JPMorgan, BlackRock, Morgan Stanley and Wells Fargo are banned from doing business with the state because they had stopped supporting the coal industry.

Why is this important? Unlike other states, the WV law does not impact state pensions. However, it could impact Univeristy funds held by major financial institutions.

How will this be important? Welcome to red brands and blue brands. Welcome to hyper-partisanship.

DealBook | States take action against ‘woke C.E.O.s’