Commentary
One of America’s storied Ivy League executive training grounds is elevating a view of capitalism that shuns the very enterprises from which its namesake made his fortune: In 2023, the University of Pennsylvania’s Wharton School will offer a new major called Environmental, Social and Governance Factors for Business.
The nation’s first business school was founded in 1881 by Joseph Wharton, an industrialist who made a killing in mining and manufacturing, the sorts of “dirty” industries that ESG proponents disfavor. Now, the school that bears his name will have the distinction of becoming the first prominent institution to offer an ESG degree….