Shareholders Drive Changes in Policies Ranging From Rain Forests to Human Rights


Shareholders are driving changes in corporate policies and disclosures unthinkable a decade ago, on issues ranging from protecting rain forests to human rights. Even the threat of a proxy vote can be enough to bring company executives to the negotiating table.

So far this year, environmental and social issues have accounted for 56% of shareholder proposals, representing a majority for the first time, according to accounting firm Ernst & Young LLP. That is up from about 40% in the previous two years, and means…

Read more at the Wall Street Journal

By Cardinal Timothy Dolan

Francis knows that the answer to problems with the free market isn’t government control.

Pope Francis met with U.N. Secretary-General Ban Ki-moon and other U.N. officials at the Vatican on May 9. From media reports, one might think that the only thing on the pope’s mind was government redistribution of property, as if he were denouncing capitalism and endorsing some form of socialism. This is unfortunate, because it overlooks the principal focus of Pope Francis ‘ economic teaching—that economic and social activity must be based on the virtues of compassion and generosity.

Read more at the Wall Street Journal

Jordan Belfort is back.

Now that “The Wolf of Wall Street” is a certified hit, the man whose life the film is based on is back selling something. This time, however, it’s all legal.

Belfort is selling a program on how to be a successful salesperson using “ethical persuasion.” “Success in the absence of ethics … is failure, it’s not success at all,” Belfort said in a free webinar Wednesday.

Read more at CNBC

The Kudlow Report” will end its run this month, CNBC said on Friday, with host Larry Kudlow moving into a senior contributor role for the network.

Read More at CNBC

Prominent Global Investment Professional And Business Expert To Lead Independent Counsel to the President, Congress, and the U.S. Small Business Administration

Washington, DC – President Obama has announced his intent to appoint Carla Harris to be the Chair of the National Women’s Business Council (NWBC).

Read more at the National Women’s Business Council

By John L. Allen Jr.| GLOBE STAFF

A new way of doing the Vatican’s business, and other topics in church life: Elder care, a field hospital in Ukraine, and . . . the end of history?

Read more at the Boston Globe

Lerer Ventures Managing Director Eric Hippeau and Bloomberg’s Max Abelson discuss banker startups on Bloomberg Television’s “Market Makers.”

See video at Bloomberg Business Week

by Thomas Reese

Pope Francis continues to move ahead with his reform of the Curia by appointing Cardinal George Pell of Sydney as a financial watchdog in the Vatican. His title will be cardinal prefect of the Secretariat for the Economy, a new office that will “undertake the economic audit and supervision” of offices of the Roman Curia…

Read more at National Catholic Reporter

Religion News Service  | by  David Gibson

VATICAN CITY (RNS) High-level debates over Catholic teachings on marriage and divorce and other hot-button issues heated up on Wednesday (Feb. 19) as a highly anticipated effort to overhaul the Vatican bureaucracy slogged through the devilish details of financial reform.

Read more at Huffington Post

By Phil DeMuth

Mindy Rosenthal of the Institute for Private Investors has been interviewing young ultra-high-net worth investors.  These individuals, most of whose families are worth over $100 million, do not respond to surveys or questionnaires; you have to know someone to get to them.  That makes her data set uniquely valuable.  One disruptive juggernaut lurking within it is the attitude of the young and the ultra-affluent (could that be the title of a soap opera?) toward charity.

While their parents were happy to write elephantine checks to the “American Big Disease Association” or the “Big City Cultural Institution” or “Ye Olde Ivy College Foundation” or the “Mainline Church Denomination”, the kids (and by kids here I mean from age 18 through their 30s) have little interest in outfits like these.

Read more on Forbes