Environmental Madness on Wall Street is Silencing Research Analysts
— May 31, 2022
By Paul Tice
Like the lawyers in Shakespeare’s Henry VI, Wall Street research analysts — whose fundamental sector and company analysis provides the underpinnings for security valuation and efficient primary and liquid secondary trading markets — stand in the way of the ESG mob now intent on creating a “sustainable global financial system.”
Consequently, one of the first things that ESG activists have focused on with their integration efforts over the past five years has been to co-opt research analysts on both the sell-side and the buy-side of the business and enlist them — mostly under duress — to serve as the Praetorian Guard for the ESG movement.
Read the full Washington Examiner article.
Paul Tice is an Adjunct Professor of Finance at NYU Stern.