Entitled CEOs shouldn’t be allowed to run roughshod over the interests of their shareholders, who are often vulnerable retirees and ordinary Americans who depend on strong stock performances and dividends to maintain their quality of life. Keep in mind that around 43% of the stock market is owned by those aged 65 and older, and most middle-class families have savings in the stock market. In other words, companies’ woke politics don’t only risk the savings of hedge fund millionaires.

Sen. Rubio’s bill empowers shareholders to protect themselves from woke CEOs by eliminating barriers preventing them from suing companies for prioritizing politics over profits. The bill requires executives to justify their political actions with concrete rationale for how their moves help the business. No longer will companies be able to get away with political virtue signaling based on gauzy or generic claims that their political preferences are best for the company. Corporate executives will think twice before they enter the political fray to further their political ambitions.

The Mind Your Own Business Act marks a significant step in the growing wokelash. Given the widespread opposition to corporate political interference and the detrimental impact it has on ordinary Americans, it won’t be the last.