Republican Candidate Vivek Ramaswamy Sued Over Striveā€™s Practices

Republican Candidate Vivek Ramaswamy Sued Over Striveā€™s Practices

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Republican Candidate Vivek Ramaswamy Sued Over Striveā€™s Practices
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Vivek Ramaswamy has been rising in presidential polls partly on the strength of his business accomplishments. Before he started running for the Republican nomination, where polling averages now put him in third place behind Donald Trump and Ron DeSantis, Ramaswamy founded and ran a drug development company, Roivant, which he took public in 2021. Then he started an asset management firm, Strive, presenting it as a conservative answer to the ESG movementā€™s focus on investmentsā€™ environmental, social and governance impacts. Striveā€™s motto, meant as a contrast to ESG, is ā€œinvest in excellence.ā€

But two former employees have filed lawsuits in recent months against the investment firm as well as Ramaswamy and his co-founder Anson Frericks that suggest practices at the company were something less than that. They accuse Ramaswamy and Frericks of aggressively pushing employees to violate securities law and of mistreating staff. They also suggest that the company has struggled to meet lofty growth goals for its ā€œanti-ESGā€ investments.


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Republican Candidate Vivek Ramaswamy Sued Over Striveā€™s Practices

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