Duncan Davidson
Thursday, October 8, 2020

Bits of good news

🔎 COVID-19 is rewriting the rules of corporate governance “The pandemic has made all too clear that society depends on well-functioning companies to meet its most basic needs — for food, shelter, communication, you name it — and that companies do not exist solely to maximize returns to shareholders.” I’m so happy to see this idea get some traction. I’m super aware that several key companies have helped me and my family get through this pandemic so far, including some like Amazon who certainly need some internal improvements in how they treat their workers.

📈 It almost sounds like Goldman Sachs is endorsing Biden, saying: “a blue wave would likely prompt us to upgrade our forecasts.” Moody’s is on the bandwagon as well: “The economic outlook is strongest under the scenario in which Biden and the Democrats sweep Congress and fully adopt their economic agenda.” Amazing. I wonder how many ex-Wall Street mogels are spinning in their graves right now.

🦹‍♂️ Greece’s neo-Nazi party Golden Dawn was branded a criminal organization. This is great news. Hopefully, we’ll see more efforts like this across Europe to combat political groups that go too far.