Merrill Lynch

Gov. Ron DeSantis Moves Florida to Counter ESG

Published by Papa Giorgio

TUCKER

Gov. Ron DeSantis announces his plan to fight back against ESGs:

  • “We want to stop these kind of masters of the universe from trying to do through economic power what they cannot achieve at the ballot box.”

GLENN

Stu explains what ESG is,

  • Glenn has warned about ESG scores — environment, social, and governance — for months now. They’re a key tenet to the Great Reset and could be used to control YOUR finances. If you have a low ESG score — due to certain purchases or investments the far-left deems ‘un-woke’ — then you could face major difficulties securing loans or other services from the world’s biggest banks. Now, Citi just announce its latest decision to move this plan one step further. Per Bloomberg, ‘Citigroup Inc. will eventually expect borrowers to have a credible plan for measuring and reducing their carbon footprint as part of the bank’s pledge to achieve net-zero greenhouse-gas emissions.’ ESG IS HERE!

CNBC (MSM)

An ESG “strategist” sounds off…. it seems the host wants more of it in order to really “make a dent”

  • ESG has become a buzzword on Wall Street as companies face pressure from investors to be more transparent. Christian McCormick, Allianz Global Investors senior ESG strategist, and Hal Lambert, founder and CEO of Point Bridge Capital, join “Squawk Box” to discuss.

 

 

Some Final Thoughts on the Walker/Rodas Tragedy

Published by Papa Giorgio

See my previous post on the Paul Walker/Roger Rodas wreck.

Heard through the grapevine (Fire Dept. in our Valley) that the estimated speed Roger was driving was 100-to-120 mph. Mechanical failure coupled with driving city streets at that speed equals opportunity for a very bad ending. Sad for the families impacted by this, but people make choices, and sometimes other people have to live with them in ways the person making the choice do not. In this case, literally. I am sure Roger — being a financial adviser (one of Merrill Lynch’s top guys) as well as being involved in a dangerous sport — had a good life-insurance policy for his family. Here Roger gives some tips for adding cars to an investment portfolio:

The following comes from Investment News:

Mr. Rodas, 38, was a nearly-two-decade Bank of America Corp. employee who had become one of Merrill Lynch’s most successful brokers in Southern California. The automobile aficionado and exotic-car shop owner also headed a team of advisers in Glendale, Calif.

Mr. Walker met Mr. Rodas at a race club, and the two talked about one of Mr. Rodas’ Porsches. The two raced cars together even before Mr. Rodas developed Mr. Walker as a formal client in 2007, according to an article published two years ago by Merrill Lynch.

The article said that Mr. Rodas reorganized Mr. Walker’s portfolio, “a hodgepodge of personal investments,” meeting with the actor to readjust financial strategies after each movie he made, suggesting he incorporate his race shop to make his hobby financially self-sustaining and working with an accountant to set up the actor’s foundation, Reach Out Worldwide.

[….]

The relationship between Mr. Walker and Mr. Rodas was unusual, said Jeffrey B. Wheeler, a Westlake Village, Calif.-based adviser who has celebrity clients.

Advisers who manage money for the tabloid set more commonly deal with handlers and gatekeepers, such as business managers, than their clients, he said.

“People who are as successful as Paul Walker are very busy people,” said Mr. Wheeler, whose firm is called Wealth Collaborative Inc. and manages about $350 million. “This appears to be a very deep relationship that is difficult to achieve.”

Mr. Rodas’ circle of friends also included “Happy Days” actor Scott Baio.

“Roger Rodas was my dear friend & a good human being,” Mr. Baio wrote on Twitter. “I will miss him.”

Read more: http://www.investmentnews.com/article/20131202/FREE/131209991

And then The Blaze has this awesome story of one of Paul Walker’s secret act of kindness: