Corporate leaders are growing weary of being expected to spearhead the fight for gun control. In recent months, several prominent companies have made little to no public statements on the issue following the latest mass shooting in Nashville.
In 2019 and again this summer, nearly 150 major corporations, including major brands like Lululemon, Lyft, and Unilever, called gun violence a "public health crisis" and demanded action from lawmakers. However, since the latest school shooting, there has been an eerie silence from corporate America on this critical issue.
Jeffrey Sonnenfeld, a professor at Yale School of Management and CEO advocacy expert, attributes the lack of public statements to the expectation that CEOs can single-handedly push for change. "They've joined causes with valor and nobility," he says, but now many are questioning whether they're being called upon to be saviors on every topic.
Sonnenfeld suggests that corporate leaders recognize the need for social capital, or the value of public trust, which is as valuable as financial capital. However, without the support of civil society, CEOs feel frustrated and uncertain about their ability to effect meaningful change.
One potential explanation for this silence is the misconception that CEOs wield significant influence over politicians through campaign contributions. While large corporations do donate to politicians, much less of this funding has come from big business since the 2020 elections. In reality, many businesses have either imposed official moratoriums on campaign contributions or given mere pennies to politicians.
Tesla's latest sales figures highlight the disconnect between corporate leaders' expectations and actual demand for their products. Despite price cuts and claims of strong demand, Tesla produced more vehicles than it sold in the first quarter, a trend that has repeated itself for four consecutive quarters.
Sonnenfeld points out that the surge in production at new factories may be offset by delays in sales, which could explain some of this discrepancy. However, with over 78,000 more cars produced than sold in the last year alone, it seems unlikely that corporate leaders can simply wave their CEOs' wands to drive demand for their products.
Ultimately, it appears that while CEOs recognize the value of social capital and public trust, they're still waiting for others to join them in advocating for gun control and other critical issues. Without the support of civil society, corporate America's leadership may be unable to make a meaningful impact on these pressing problems.
In 2019 and again this summer, nearly 150 major corporations, including major brands like Lululemon, Lyft, and Unilever, called gun violence a "public health crisis" and demanded action from lawmakers. However, since the latest school shooting, there has been an eerie silence from corporate America on this critical issue.
Jeffrey Sonnenfeld, a professor at Yale School of Management and CEO advocacy expert, attributes the lack of public statements to the expectation that CEOs can single-handedly push for change. "They've joined causes with valor and nobility," he says, but now many are questioning whether they're being called upon to be saviors on every topic.
Sonnenfeld suggests that corporate leaders recognize the need for social capital, or the value of public trust, which is as valuable as financial capital. However, without the support of civil society, CEOs feel frustrated and uncertain about their ability to effect meaningful change.
One potential explanation for this silence is the misconception that CEOs wield significant influence over politicians through campaign contributions. While large corporations do donate to politicians, much less of this funding has come from big business since the 2020 elections. In reality, many businesses have either imposed official moratoriums on campaign contributions or given mere pennies to politicians.
Tesla's latest sales figures highlight the disconnect between corporate leaders' expectations and actual demand for their products. Despite price cuts and claims of strong demand, Tesla produced more vehicles than it sold in the first quarter, a trend that has repeated itself for four consecutive quarters.
Sonnenfeld points out that the surge in production at new factories may be offset by delays in sales, which could explain some of this discrepancy. However, with over 78,000 more cars produced than sold in the last year alone, it seems unlikely that corporate leaders can simply wave their CEOs' wands to drive demand for their products.
Ultimately, it appears that while CEOs recognize the value of social capital and public trust, they're still waiting for others to join them in advocating for gun control and other critical issues. Without the support of civil society, corporate America's leadership may be unable to make a meaningful impact on these pressing problems.