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At one point in time, Jack Bogle, founder of, of Vanguard was chairman of their mutualfunds. Just really a fascinating history from, from a privatecompany to a public company back to a, a partnership. 00:07:33 [Speaker Changed] So when I, my first fund that I ran when I was at Montgomery was a mutualfund.
For all the years the investigation found child labor, PSSI has been owned by Wall Street's Blackstone--the largest private equity firm in the world. Blackstone told us "extensive pre-investment duediligence showed PSSI had industry-leading hiring compliance." How can this happen? Where did oversight fail?
ESG also aims to promote supposedly the goal of ESG is to promote the growth of companies that are supportive of beneficial practices, which is debatable and we’re going to get to that. So the greenwashing underneath the fund is a whole nother layer that most regular people cannot go that deep into duediligence and figure this out.
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