Tag: corporate governance
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The Skepticism of Toyota’s CEO on Electric Vehicles
Akio Toyoda, the CEO of Toyota and grandson of Kiichiro Toyoda, who started the auto division of the family business, has been skeptical about electric vehicles (EVs) for some time. He has questioned their environmental friendliness and highlighted the cost of decarbonization for the auto industry and consumers. In December 2020, Toyoda warned that a…
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The Truth About ESG: A Coordinated Cartel or a Sustainable Movement?
A general counsel from a Fortune 500 company recently shared with me a common narrative that many senior corporate executives have experienced regarding ESG (environmental, social, and governance) standards enforced by a network of large funds and NGOs. Companies that have enjoyed years of spectacular returns boosted by their growing use of energy renewables and…
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Akio Toyoda’s Skepticism Towards Electric Vehicles and Its Impact on Toyota
Akio Toyoda, the CEO of Toyota and grandson of Kiichiro Toyoda, who started the auto division of the family business, has been vocal about his skepticism towards electric vehicles (EVs) and the rush to decarbonization. He has questioned the environmental benefits of EVs and highlighted the potential negative impact on the auto industry and jobs.…
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The Environmental, Social, and Governance (ESG) Movement: An Organized Cartel or Progressive Environmentalism?
A Fortune 500 general counsel recently confided in me after a conference, sharing a common narrative among senior corporate executives regarding the Environmental, Social, and Governance (ESG) standards enforced by a network of big funds and nongovernmental organizations. Companies that use energy renewables and lead in carbon-emission reductions expect positive ratings for the “E” element.…