It’s different, Davis said, than say Chick-fil-A, which faced boycotts because its owners contributed to anti-gay marriage groups. In that instance, it is the company’s own action that is targeted, he said.

Davis also points out that the NRA affiliate boycott was quick and took effect almost immediately.

Davis noted that nothing is really private anymore within a company.

“No email can’t be forwarded,” he said. “It’s easier to gather evidence of an abusive supervisor or harassment.”

“There’s a high level of transparency that we haven’t had before,” Davis said.

A recent example of that was a public apology from Wells Fargo CEO Charlie Scharf after an internal memo he wrote was leaked outside the company. In the June memo, Scharf blamed the lack of diversity at the bank on “a very limited pool of Black talent to recruit from.”

There’s also a sense, Davis said, that what companies do

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By Clare Jim

HONG KONG, Sept 22 (Reuters)China is tackling unbridled borrowing in the real estate development sector anew with caps for debt ratios. But sources at developers say a rush to get around the rules by moving more debt off balance sheets is on.

Dubbed “the three red lines”, Chinese regulators outlined caps for debt-to-cash, debt-to-assets and debt-to-equity ratios last month at a meeting with 12 major property developers in Beijing. Though not yet officially announced, developers expect the rules to be applied sector-wide as soon as Jan. 1, 2021.

The move has sent shock waves through the industry, sources at four Chinese property developers told Reuters.

“Every company is worried…so everyone is using their own methods, and it’s all about off balance sheet: off balance sheet projects and off balance sheet debts,” an executive at a mid-sized developer told Reuters.

“Liquidity is still abundant, both

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(Bloomberg) —

A flotilla of tankers plying the waters between China and South Korea has been hauling unusually large volumes of a lesser-known fuel called light-cycle oil — or LCO — to Asia’s biggest crude consumer.

Almost 800,000 tons of LCO arrived in China from its neighbor in July, the most in at least three years and more than twice the monthly average in the first half, data intelligence firm Kpler said. The flurry of activity, which looks to be accelerating this month, is being driven by both pull and push factors for LCO, a low-quality petroleum product that’s blended into diesel and fuel oil.

Chinese diesel demand recovered as the economy emerged from virus lockdowns and the interest in Korean LCO was heightened as it was cheaper than locally-produced fuels that weren’t allowed to drop below the equivalent of $40-a-barrel crude due to government policy. A tax loophole that

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