Sustainable Finance Newsletter - Buckle up, Corporate America
By Ross Kerber
Nov 6 (Reuters) - Well, THAT column didn't age well. On Tuesday I wrote about how top U.S. corporate trade groups were urging patience for all the votes to be counted in Tuesday's elections. Like everyone else I expected it would take a while for the White House race to be decided. You know the rest.
I'm still including a column link in today's newsletter below however as the discussion about companies' political roles remains relevant.I'm also adding links to a story about a corporate-governance reform proposed for News Corp, and one about the end of a strike at Boeing.
You can connect with me on LinkedIn. Or you can email me at ross.kerber@thomsonreuters.com
Buckle up, Corporate America
Top U.S. business leaders largely played it safe when talking about the U.S. presidential election held Tuesday, resisting calls to denounce Republican candidate Donald Trump, the once and future U.S. president, over questions like his regard for the rule of law and tendency to criticize particular companies by name.
Even some critics of the approach conceded it would be difficult for CEOs of public companies to get so specific, and maybe nobody cares about CEO endorsements anyway. Now that Trump has won, companies will see whether their approach looks wise.
You can regard parts of yesterday's column as outdated digital birdcage liner. But other parts still matter such as concerns the U.S. Chamber of Commerce raised about disinformation. You can read it all by clicking here.
Company News
Boeing's BA.N U.S. West Coast factory workers accepted a new contract offer, ending a bitter seven-week strike that halted most jet production and deepened a financial crisis at the planemaker.
The $19 billion merger between Vodafone VOD.L and Hutchison's 0001.HK Three UK is likely to be given the regulatory green light as Britain's need for investment outweighs short-term competition concerns.
An extended delay in enacting reforms in Chile aimed at expediting mining permits represents a "serious" problem for the industry in the world's top copper-producing country, said the local head of U.S. miner Freeport-McMoRan.FCX.N
On my radar
U.S. Treasury yields surged on Wednesday as Trump's win stoked expectations of policy shifts that could boost deficits and inflation. Rising prices look like a big reason voters turned against Democrats, but now a Republican administration will have to make decisions about government borrowing. Not that I think Kamala Harris could have won as a 'bond vigilante.'
Three U.S.proxy advisory firms have recommended News Corp NWSA.O investors support a hedge fund's campaign to change the company's dual-class share structure. Support for the nonbinding proposal at the company's Nov. 20 meeting could have a big impact.
My colleague Sharon Kits Kimathi's excellent Sustainable Switch newsletter will be published daily during this year's United Nations climate change summit, known as COP29, in Baku, Azerbaijan. You can sign up for it here.
Reporting by Ross Kerber in Boston; Editing by David Gregorio
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