Credit: 
(New York)
The recent flurry of sexual harassment scandals and accusations that have been pouring out all over the country has become a central consideration for investors. Some stocks have been hit hard by such allegations and investors now need to consider the risk before they invest. Weinstein & Co., for instance, is seeking a cash infusion because of how hard it has been hit by the scandal surrounding Harvey Weinstein. However, it is currently hard to predict such events and take them into account when investing, so some ESG-focused investors, like a team at Eaton Vance, are pushing corporate boards to take a much more aggressive line on these issues internally.
FINSUM : These types of scandals are big stock washouts waiting to happen, especially when they occur in smaller to medium-sized companies that are very founder-centric.
- stocks
- investment
- esg
- sexual harassment
- governance
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
