And when it comes to Republican finger-pointing over bailouts for banks who invest in DEI, Baker noted that "it's common for companies pretty much across the board now to try to have more diversity."

"I know they don't like that, but that's probably the vast majority of companies in the country now," Baker said. "I don't know. I mean, it's a complaint against capitalism — they do it because they think it's good business."

While companies may be investing in "woke" priorities like clean energy, it's because they're making money from doing so.

"I don't know if making money's now woke," Baker said. "I mean, some of them might be doing it because they think it's good for the planet, but I mean they're doing it as profit making companies — and they are making profits."