Ex-Kentucky AG warns ‘horrifying’ amount of money on the line if US punishes China
1792 Exchange CEO and former Kentucky Attorney General Daniel Cameron details the new China risk database and reacts to the ‘symbolic products’ that backfire on their DEI programs.
Fortune 100 companies that do business with communist China could be in a bad position if the US imposes sanctions on the eastern enemy, former Kentucky Attorney General Daniel Cameron told FOX Business viewers on Monday.
A newly launched China risk database from The 1792 Exchange provided a summary of the financial situation of those companies that have invested in Communist China and the financial crisis they may face if sanctions are not imposed.
“[This database] sharing with Americans and investors the risks inherent in Fortune 100 businesses doing business in China [and] having relations with Communist China. I hope this will hold these companies… accountable,” Cameron, who heads the nonprofit group, told broadcaster Maria Bartiromo.
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China’s trade and business relations with the US have come under heavy scrutiny in recent years as tensions rise. (iStock/Image illustration/iStock)
1792 Exchange, which focuses on the protection of non-profit organizations, small businesses and philanthropy from “resurrected” companies, guiding companies back to neutral views and more, based its findings on economic model estimates and information obtained from SEC reports and annual shareholder reports.
However, nearly half of the Fortune 100 companies – about 55 out of 100 – do not fully disclose information about their operations in China or their relationship with the Chinese government, Cameron stressed. To make matters worse, he insists that shareholders are left in the dark.
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Former Kentucky Attorney General Daniel Cameron now heads the 1792 Exchange, which focuses on helping businesses and other groups avoid “woke” companies. ((Photo by Jon Cherry/Getty Images) / Getty Images)
“We know that there’s $157 trillion that could be on the line if the United States imposes sanctions on China. This is a shocking number. It’s a scary number, but shareholders need to be aware of it.”
“Our CEOs and our C-suite people must step up and ensure that more information is disclosed for the purposes of shareholders and the purposes of the American worker and the American consumer,” he added later.
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