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Silicon Valley Bank Hit Over ESG Advocacy

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Politico: “Top Republicans have zeroed in on the failed bank’s stances on sustainability and diversity as proof that its management team cared more about promoting a progressive agenda than safeguarding the more than $150 billion its customers had placed in uninsured deposits.”

“Now, after Biden officials took unprecedented steps to rescue the thousands of high-tech startups that held accounts, far-right activists and GOP luminaries are ripping into the Northern California institution’s embrace of cultural lightning rods such as workplace inclusion and climate consciousness.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Follow me on Twitter, Mastodon and Post.News.

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