Just when we thought we were turning the tide on ESG madness on Wall Street and in corporate board rooms, we learn this:
Barron’s reports that Chipotle CEO Brian Niccol got a $2.1 million bonus last year for meeting ESG goals. Dominion CEO Robert Blue got a $1.75 million ESG bonus.
“Over 60% of S&P 500 companies included ESG measures in executive pay last year, up from 19% in 2019,” they report.
The villains here are the boards of directors who are rewarding CEOs for pursuing left-wing political objectives that are more likely to destroy than create shareholder value. This is a boat that needs rocking.