In Texas, a significant free-speech battle has erupted as the American Sustainable Business Council sues the state government for blacklisting companies that adhere to environmental, social, and governance strategies. Rightwing politicians initially aimed to prevent ESG activists from imposing their views, but the plaintiffs argue that the anti-ESG movement is actually restricting free speech by implicitly supporting fossil fuels. This lawsuit reflects a shift in the perception of ESG, which has become a target for political attacks. While some seek to return to a shareholder-focused approach advocated by economist Milton Friedman, there is growing acceptance of stakeholder interests in business. The current environment emphasizes the need for companies to address societal issues and engage with stakeholders, reflecting changing attitudes towards business and the recognition that political risks are increasing. Despite the criticism of ESG, the concept of stakeholderism is thriving in various forms, highlighting a broader battle over social values and priorities.
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Judges order US government to rehire thousands of workers
Two federal judges have ordered the Trump administration to rehire tens of thousands of government employees terminated in recent weeks, citing breaches of rules surrounding mass layoffs. Maryland district judge James Bredar and San Francisco district judge William Alsup issued temporary restraining orders directing reinstatement of probationary employees across various federal agencies, challenging Elon Musk's cost-cutting efforts. The judges found that the firings lacked cause and proper notice, prompting the Trump administration to clarify directives...
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