Former McDonald's CEO Ed Rensi on Wednesday said companies have "no business" being in politics and has launched a new advocacy coalition to fight woke corporate politics.
"Corporations have no business being on the right or the left because they represent everybody there and their sole job is to build equity for their investors," Rensi told Fox Business, adding he believes progressive policies are negatively affecting shareholders.
Rensi will serve as executive chairman of the Boardroom Initiative, which comprises three pro-free enterprise advocacy groups: the Job Creators Network, the Free Enterprise Group, and Second Vote.
