Revenge Of The Based: Thiel-Backed Fund To Take On 'Woke' Blackrock Activism

A new financial firm backed by Peter Thiel and Bill Ackman aims to take the 'woke' out of corporate America - and is taking aim at BlackRock's push for 'stakeholder capitalism' ESG purity tests with several new funds that instead promote "Excellence Capitalism."

Vivek Ramaswamy, author of "Woke, Inc," has raised $20 million to launch "Strive Asset Management," an activist fund which will urge companies to drop unprofitable social justice issues pushed by BlackRock, Vanguard and State Street, which Ramaswamy refers to as the "ideological cartel."