Mr. Frerichs said in an interview that he supported SB 2152 stressing "this bill fights for workers' security" and noted that his office manages $50 billion in a variety of state funds with a strong focus on active proxy voting to urge corporations the funds are invested in to make long-term decisions in managing their companies.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Disastrous if this man gets a vote on any real business decisions.
Good God. Frerichs is the last person who should be doing this. And the bill is worse than described, specifically calling for ESG woke nonsense on how shares would be voted. We will write on this. https://www.ilga.gov/legislation/fulltext.asp?DocName=&SessionId=112&GA=103&DocTypeId=SB&DocNum=2152&GAID=17&LegID=&SpecSess=&Session=