Strive founder and executive chairman Vivek Ramaswamy launches the Strive 500 ETF, mandating the top 500 U.S. companies abandon 'anti-American' policies.
Strive founder and executive chairman Vivek Ramaswamy tells 'Varney & Co.' how he plans to use shareholder power to create change in America's boardrooms.Tuesday, designed to drive "cultural change in the boardroom" by maximizing value over political agendas and focusing "exclusively on merit."A lot of what's happened in the last few years is shareholders like BlackRock, State Street and Vanguard have foisted anti-American policies on American companies.
. My view is companies like Apple shouldn’t focus on racial equity audits, they should focus on hiring people exclusively based on merit without regard to race, sex or politics.So the point this new fund that we launched today, STRV is the ticker, it's the Strive 500, is to deliver that voice to corporate America, to corporate America’s boardrooms, to tell them to focus exclusively on excellence over politics, and yes, when it comes to hiring go back to focusing exclusively on merit.
and there is a separate letter to Disney’s board. I hope [this] is the beginning of a broader conversation both in capital markets and in the boardroom.
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