SVB Pledged Over $70 Mil. to BLM 'Related Causes' in Latest Case of Get Woke, Go Broke

Nick Kangadis | March 17, 2023
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Th failure that is Silicon Valley Bank (SVB) seems to have gone the way so many other corporations have gone over the past few years by getting woke and subsequently going broke.

Remember, leftists have no problem spending money as long as it’s not their own.

According to the Black Lives Matter (BLM) Funding Database, run by The Claremont Institute’s Center for the American Way of Life and reported on by The Federalist, SVB appears to have donated or committed to donate nearly $71 million to “BLM Movement & Related Causes.”

Apparently, these mega donations were in response to the Summer of Floyd, with the company hoping to commit itself to “increasing diversity, equity and inclusion (DEI) in our workplace,” as described in an August 2020 SVB report.

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“Time after time we see the same pattern: companies that are the most concerned with ESG scores and woke politics do the worst jobs serving their customers,” executive director of Consumers’ Research Will Hild told The Federalist. “The rest of corporate America should learn from SVB’s failure now, before they are the next company to make headlines for comically poor management.”

ESG and DEI, just two more ways for the establishment to control people and direct the missions of corporations and populations around the world.

SVB was so focused on making its “total workforce” and “board” more diverse that they felt there was no issue with using customers’ money to fund their endeavor to worship at the altar of the religion of woke.

When will people learn that forced diversity is not a strength, but merely an albatross that corporations that hope to be successful have to overcome?


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