Press Release
National Center for Public Policy Research Free Enterprise Project (FEP)
Shareholders to Netflix: Prove ESG Isn’t a Virtue-Signaling Money Pit
Washington, D.C. — At this week’s Netflix annual meeting, shareholder activists with the National Center for Public Policy Research’s Free Enterprise Project (FEP) will ask the Board to report on the profitability of Netflix’s environmental, social and governance (ESG) investments.
As he presents Proposal 5 (“ESG ROI Report”), FEP Executive Director Steve Milloy will tell shareholders:
Management opposes our proposal because it doesn’t want you to know that its ESG efforts are all show and no go; all pain and no gain; all loss and no profit and all politics and no business.
If you go on the Netflix website, you can see the movies and shows that are trending. What’s not trending is Netflix profits. Why not? Possibly management is wasting its time and corporate resources pursuing ESG. ESG is just left-wing politics. Not business….
Our stock price is down 28% over the past year. Netflix pays no dividends…. Management apparently expects shareholders to take comfort in its virtue-signaling ESG money pit.
