Byron Donalds actually said...
what is material is what matters to the financial operations of the company, because the investment is into the company itself, not into the environment writ large, and not into the social system of the United States, or of the world, for that matter; it is the going concern of the company.
Context
Byron Donalds emphasizes the importance of financial materiality over social issues in corporate investments.
07/11/2023