Comment by ryandrake
2 months ago
If the real reason these companies dropped the policies was that they were unprofitable, and their bottom lines showed it, then why did they wait until exactly November 2024 to all drop them at once? Surely they could have discovered this many quarters ago. Did the policies just suddenly become unprofitable right as the next political administration was decided? Why would company directors across entire industries just sit there nodding their heads, as you say, voluntarily not making more profit for shareholders? It doesn't seem like the bottom line was the real reason in this case.
They couldn't drop it as it would have affected their ESG rating, which impacts the ability to get loans and raise capital, etc.
They may have feared the negative PR of dropping the policies would be more costly than the policies themselves.