Corporate America's silence on gun control is jarring after the latest mass school shooting in Nashville, where Americans are increasingly relying on CEOs to advocate for policy changes. In recent years, major corporations have made public statements and taken action on issues like gun violence, abortion, and social justice.
From opposing North Carolina's transgender bathroom law to calling for stricter abortion regulations, corporate leaders have used their influence to push for legislative change. After the US Capitol attack in 2021, many CEOs denounced the rioters and pledged to halt their political giving. More recently, over 1,000 companies promised to voluntarily curtail operations in Russia in protest of Moscow's war on Ukraine.
However, despite these efforts, corporate America's grip on gun control has loosened since the latest mass school shooting. Yale professor Jeffrey Sonnenfeld says top executives are feeling frustrated, as they've been unable to push for meaningful legislation and feel like they're being expected to solve the problem single-handedly.
Sonnenfeld believes that CEOs should join a chorus of voices advocating for change, but not be the only ones singing. He notes that while corporations have taken a strong stance on various issues, their actions often don't translate into concrete policy changes in the streets.
When asked if CEOs are tired of advocating, Sonnenfeld says they're indeed feeling frustrated. But it's not just about gun control β it's also about feeling like corporate social responsibility is valued equally as financial capital.
The misconception that CEOs hold the purse strings in terms of donating to politicians has also been debunked. Since the 2020 elections, campaign contributions from big business have decreased significantly, and since the 2021 Capitol attack, many companies have either put an official moratorium on political giving or are giving much smaller amounts to politicians.
In other news, Tesla's sales in the first quarter of this year were modest, with a 4% rise compared to last year. The company produced more vehicles than it sold for the fourth straight quarter, partly due to increased production at new factories in Texas and Germany. However, the data suggests that talk of strong demand from Tesla executives may not be backed up by numbers.
The nation's CEOs are waiting for everyone else to join them in advocating for change, Sonnenfeld said. Social capital is just as valuable as financial capital, and corporations understand this.
From opposing North Carolina's transgender bathroom law to calling for stricter abortion regulations, corporate leaders have used their influence to push for legislative change. After the US Capitol attack in 2021, many CEOs denounced the rioters and pledged to halt their political giving. More recently, over 1,000 companies promised to voluntarily curtail operations in Russia in protest of Moscow's war on Ukraine.
However, despite these efforts, corporate America's grip on gun control has loosened since the latest mass school shooting. Yale professor Jeffrey Sonnenfeld says top executives are feeling frustrated, as they've been unable to push for meaningful legislation and feel like they're being expected to solve the problem single-handedly.
Sonnenfeld believes that CEOs should join a chorus of voices advocating for change, but not be the only ones singing. He notes that while corporations have taken a strong stance on various issues, their actions often don't translate into concrete policy changes in the streets.
When asked if CEOs are tired of advocating, Sonnenfeld says they're indeed feeling frustrated. But it's not just about gun control β it's also about feeling like corporate social responsibility is valued equally as financial capital.
The misconception that CEOs hold the purse strings in terms of donating to politicians has also been debunked. Since the 2020 elections, campaign contributions from big business have decreased significantly, and since the 2021 Capitol attack, many companies have either put an official moratorium on political giving or are giving much smaller amounts to politicians.
In other news, Tesla's sales in the first quarter of this year were modest, with a 4% rise compared to last year. The company produced more vehicles than it sold for the fourth straight quarter, partly due to increased production at new factories in Texas and Germany. However, the data suggests that talk of strong demand from Tesla executives may not be backed up by numbers.
The nation's CEOs are waiting for everyone else to join them in advocating for change, Sonnenfeld said. Social capital is just as valuable as financial capital, and corporations understand this.