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DAVID SACKS: I think for years people have been wondering why did corporate America go so woke? Especially in the early 2020s, where they created all these DEI departments. You know, they didn't have to do that. And a big part of the reason is that those initiatives came from [the two largest proxy advisory firms] Glass Lewis and ISS.

I think Elon's jokingly called ISS "ISIS." But basically, what happens is they make recommendations for how shareholders should vote resolutions, and the index funds basically just defer to them for whatever they should do. So they effectively control or almost control the voting for all these board-level resolutions that every public company has to make.

So they've been the ones who have been imposing all these DEI requirements, all these ESG requirements. If you're wondering where those things came from, because just these two companies, which no one's ever heard of, they were captured a long time ago -- by the woke crowd years ago.

So this has really been the root of why corporate America has gone woke for a long time. Look, there's also pressure from the outside from boycotts or, you know, there is some pressure sometimes for employees and that kind of thing.

But a lot of it came from these two companies that no one ever heard of. I think it would be a good idea if someone would take a look at this to figure out what happened. Maybe someone like Chris Rufo should investigate what was the impact of Glass Lewis and ISS on corporate America going full woke for so many years because it certainly didn't help corporate profits.

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