Dozens of investors are calling on North Carolina to change its so-called bathroom law but the state's governor calls that hypocritical.
Sixty investors, reportedly representing $2.1 trillion in managed assets, called on North Carolina to change a state law that requires people to use public bathrooms for the gender on their birth certificate.
The state law followed a Charlotte ordinance allowing people to use the bathroom of the gender in which they say they identify. That ordinance sparked concerns about safety and privacy rights, among other things, and HB 2 became law.
Gov. Pat McCrory says it's the "height of hypocrisy" for investors, whom he describes as "New York hedge fund billionaires," to tell North Carolina what to do.
"I absolutely agree with Governor McCrory that there is a high-level of hypocrisy involved in a lot of the business community's attacks upon North Carolina," observes Peter Sprigg of Washington, D.C.-based Family Research Council.
That's because those businesses cooperate with countries such as China and Saudi Arabia, where human rights abuses are common.
Those executions and prison sentences "dwarf" any problems HB 2 created, says Sprigg.
"Although I'm not willing to concede there's really any problems created by it either," he adds.
One newspaper reports that international investment company Trillium Asset Management, led by homosexual CEO Matt Patsky, is among the companies arm-twisting the state.
An ally of the Human Rights Campaign, a homosexual lobby, the company's own website boasts that it pushes for "inclusive workplace policies," meaning an ongoing push for homosexual rights.
Boston-based Trillium names JC Penney, Lowe's, Wal-Mart, Chrysler and McDonalds as companies that have been "helped" by the company's push for LGBT rights.
The website for Trillium, meanwhile, shows the company last complained about China's work conditions in 2010.
According to Sprigg, what is going on in The Tar Heel State is bullying tactics. It's not an objective business analysis of the law's effects.
"It is a response to arm-twisting from gay rights groups in the United States that are putting pressure on these businesses," says Springg, "which are in turn putting pressure on the government of North Carolina."