Beyond Unprecedented S3 Ep2 ESG: Losing Its Cool
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The corporate environmental, social, and governance (ESG) movement has come under fire. After many large corporations began to adopt specific ESG measures in response to shareholder pressure, other shareholder groups are trying to undo them. Inclusive Capital Partners co-founders Lynn Forester de Rothschild ’79 and Jeff Ubben discuss the rise in “anti-woke” shareholder activism, the politicization of ESG, and what lies ahead.
Business Organizations Law | Economics | Law | Law and Economics
Ira M. Millstein Center for Global Markets and Corporate Ownership
Talley, Eric L.; Gillis, Talia B.; Forester de Rothschild, Lynn; and Ubben, Jeff, "Beyond Unprecedented S3 Ep2 ESG: Losing Its Cool" (2023). Beyond Unprecedented Season 3. 3.
Released: March 30, 2023
Lynn Forester de Rothschild ’79 is a founding and managing partner of Inclusive Capital Partners, the founder of the Coalition for Inclusive Capitalism and the Council for Inclusive Capitalism, and a director of The Estée Lauder Companies and Nikola Corporation. She serves on the board of the Peterson Institute for International Economics and the advisory boards of Focusing Capital on the Long Term (FCLTGlobal), McCain Institute for International Leadership, and the Eranda Rothschild Foundation. Forester de Rothschild earned an undergraduate degree from Pomona College, in Claremont, California, and a J.D. from Columbia Law School, where she was a Harlan Fiske Stone Scholar.
Jeff Ubben is a founder and the portfolio manager of Inclusive Capital Partners. Previously, he was a founder and the portfolio manager of ValueAct Capital. Ubben is a director of Enviva, Exxon Mobil Corporation, and Vistry Group. He also serves on the boards of Duke University, the World Wildlife Fund, The Redford Center, and the E.O. Wilson Biodiversity Foundation. Ubben earned a B.A. from Duke University and an MBA from Northwestern’s Kellogg School of Management.
Eric Talley, Isidor and Seville Sulzbacher Professor of Law, writes and researches at the intersection of corporate law, governance, and finance. As a co-director of the Ira M. Millstein Center for Global Markets and Corporate Ownership, Talley shapes research and programs focused on the future of corporate governance and performance. He is a frequent commentator in the national media, and he speaks regularly to corporate boards and regulators on issues pertaining to fiduciary duties, governance, and finance. He is a graduate of the University of California, San Diego, and earned his J.D. and a Ph.D. in economics from Stanford University.
Talia Gillis, Associate Professor of Law and Milton Handler Fellow at Columbia Law, studies the law and economics of consumer markets. She is interested in household financial behavior and how consumer welfare is shaped by technological and legal changes. In her research, she has studied the impact of regulatory tools such as financial disclosures and fiduciary duties on consumer welfare. She also uses insights from psychology to empirically study the way households manage their financial ebbs and flows. Some of her recent work considers how artificial intelligence — and consumer fintech more broadly — is affecting consumers and raises distributional concerns. Gillis has a Ph.D. in economics from Harvard University and an S.J.D. from Harvard Law School. She clerked for Deputy Chief Justice Hanan Melcer of the Supreme Court of Israel.