Corporate leaders are growing tired of being held accountable for gun control legislation, and their recent silence on the matter is jarring given their history of vocal advocacy. In 2019 and again this summer, nearly 150 major companies, including Lululemon, Lyft, and Unilever, called gun violence a "public health crisis" and demanded that Congress pass legislation to address it.
However, since the latest mass shooting at a school in Nashville, corporate America's biggest names have remained remarkably quiet. This silence is puzzling, especially when considering the significant influence large corporations wield over politicians through campaign contributions. Yet, despite their substantial financial power, big business has actually contributed less to campaigns in recent years.
The nation's top CEOs are waiting for others to join them in advocating for gun control, and they're frustrated that they're not seeing more action from civil society groups. According to Yale professor Jeffrey Sonnenfeld, a vocal advocate of corporate social responsibility, CEOs have been taking a strong stance on the issue but need the rest of civil society to follow suit.
Sonnenfeld argues that while corporations have taken a significant role in shaping public policy, they're not doing enough to push for meaningful change. "We're ready for others to now do something," he said. "Social capital is as valuable as financial capital. CEOs understand that in their soul, they want there to be social capital."
The silence from corporate America on gun control is particularly striking given the growing power of large corporations over politicians. However, it appears that big business has actually been contributing less to campaigns in recent years.
Tesla's latest sales figures also offer a glimpse into the challenges facing the automotive industry. Despite price cuts and strong demand for lower-priced vehicles, Tesla reported only a modest 4% rise in sales compared to the final three months of last year. The company produced more vehicles than it sold for the fourth consecutive quarter, with some of that excess inventory bound for Europe, the Middle East, Africa, and Asia.
In an interview, Tom Zhu, Tesla's executive in charge of global production and sales, attributed the surge in demand after a price adjustment earlier this year to his claim that "as long as you offer a product with value at affordable price, you don't have to worry about demand." However, it appears that Tesla still faces significant production challenges, with 78,000 more cars produced than sold over the last 12 months.
As the nation's top CEOs continue to wait for others to join them in advocating for gun control, they're also facing growing criticism for their lack of action. With social capital now valued alongside financial capital, it seems that big business is recognizing the need for meaningful change β but so far, the silence has been deafening.
				
			However, since the latest mass shooting at a school in Nashville, corporate America's biggest names have remained remarkably quiet. This silence is puzzling, especially when considering the significant influence large corporations wield over politicians through campaign contributions. Yet, despite their substantial financial power, big business has actually contributed less to campaigns in recent years.
The nation's top CEOs are waiting for others to join them in advocating for gun control, and they're frustrated that they're not seeing more action from civil society groups. According to Yale professor Jeffrey Sonnenfeld, a vocal advocate of corporate social responsibility, CEOs have been taking a strong stance on the issue but need the rest of civil society to follow suit.
Sonnenfeld argues that while corporations have taken a significant role in shaping public policy, they're not doing enough to push for meaningful change. "We're ready for others to now do something," he said. "Social capital is as valuable as financial capital. CEOs understand that in their soul, they want there to be social capital."
The silence from corporate America on gun control is particularly striking given the growing power of large corporations over politicians. However, it appears that big business has actually been contributing less to campaigns in recent years.
Tesla's latest sales figures also offer a glimpse into the challenges facing the automotive industry. Despite price cuts and strong demand for lower-priced vehicles, Tesla reported only a modest 4% rise in sales compared to the final three months of last year. The company produced more vehicles than it sold for the fourth consecutive quarter, with some of that excess inventory bound for Europe, the Middle East, Africa, and Asia.
In an interview, Tom Zhu, Tesla's executive in charge of global production and sales, attributed the surge in demand after a price adjustment earlier this year to his claim that "as long as you offer a product with value at affordable price, you don't have to worry about demand." However, it appears that Tesla still faces significant production challenges, with 78,000 more cars produced than sold over the last 12 months.
As the nation's top CEOs continue to wait for others to join them in advocating for gun control, they're also facing growing criticism for their lack of action. With social capital now valued alongside financial capital, it seems that big business is recognizing the need for meaningful change β but so far, the silence has been deafening.