Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 8019 screen. I am looking for companies with high productivity that contributes to the productivity of the general population in a manner that sup- ports enduring performance for shareholders. Define “Real Stinkers” A company that is a “real stinker” likely fits Jus- tice Potter Stewart’s characterization of pornog- raphy: “I know it when I see it.” However, since there is wide variation on ESG criteria, I antici- pate varied opinions on what does and does not generate a Negative Return to the Network Several months ago, Jason Worth helped me compile a list of companies with business models intentionally designed to profit from a Negative Return to the Network. As I prepare the Solari Screen, we welcome your input to this work in progress. Here it is: Negative Total Economic Return: Examples By Industry Sector n BASIC MATERIALS • Manufacturers of genetically modified prod- ucts and other food substances, which are marketed without adequate disclosure and cause cancer, obesity, infertility, and other maladies from their consumption. • Manufacturers of seeds that do not germi- nate or reproduce beyond one planting cycle. • Metals and mining firms that use covert op- erations to obtain or exploit mining proper- ties or excessively damage the environment, or do both. • Manufacturers of chemicals, pesticides, and nanoparticles that cause harm to plants, an- imals, and the environment or are used in global spraying operations n CONSUMER (Staples and Discretionary) • Corporate media and publishing companies promote propaganda or engage in material omission of news information vital to a free and transparent society, or do both. • Entertainment, media, social media, and telecommunications companies that engage in surveillance capitalism that compromises individual privacy, rights, and sovereignty. • Entertainment, media, social media, and telecommunications companies that engage global hacking networks to compromise competitors systems, performance, and prof- itability. • Entertainment, media, social media, and tele- communications companies that engage in systemic mind control or utilize entrainment technologies to distract or confuse the popu- lation, generate overconsumption, predatory lending, and create addictions, or do all of these. • Manufacturers of products, such as slot ma- chines and other gaming devices that utilize entrainment technologies to exploit users and create addictions without their tacit awareness or consent. • Companies that abuse animals for profit. • Agricultural and other firms, which rig mar- kets, bribe officials, and violate anti-trust laws. n FINANCIAL SERVICES • Financial institutions that launder drug money and engage in financial fraud. • Financial institutions that routinely manipu- late markets for financial gain. • Financial Institutions that engage in pred- atory lending activities or seek to keep consumers in a cycle of never-ending debt, including those which target students and young people, or do all of these. • Financial services firms that collude with in- telligence agencies to aid in the centralization of control and the extraction of “illegal taxes” by criminal means. • Investment and asset management firms that launder ill-gotten gains into acquisitions and control of strategic resources. • Debt collection firms whose business practice include failing to properly notify defaulted lenders in order to get uncontested court “ A company that is a “real stinker” likely fits Justice Potter Stewart’s character- ization of pornogra- phy: “I know it when I see it.” However, since there is wide variation on ESG criteria, I anticipate varied opinions on what does and does not generate a Neg- ative Return to the Network. ”