America's corporate giants are growing frustrated over their inability to effect meaningful change on pressing issues such as gun control, despite their vocal support for these causes in the past. The leaders of some of the country's largest companies, including Dick's Sporting Goods and Citigroup, have used their influence to push for stricter gun regulations following mass shootings at schools and other public places.
In recent years, corporate America has increasingly turned to social activism as a way to demonstrate its commitment to certain causes. In 2019, nearly 150 major companies called on the US Senate to pass legislation addressing gun violence. However, in the wake of the latest mass shooting at a school in Nashville, there has been a striking absence of public statements from top executives.
The silence is attributed to the growing reliance on CEOs as political advocates, with many Americans turning to them for guidance and leadership on key issues. But Yale professor Jeffrey Sonnenfeld argues that corporate America's vocal support for gun control has not led to tangible change, and now they are feeling frustrated and uncertain about how to proceed.
Sonnenfeld believes that the problem lies in the expectation that CEOs will be the only ones to speak out on social issues. He notes that social changes often emerge from grassroots activism, interfaith efforts, and student activism, rather than solely from corporate leadership. The professor thinks that CEOs are not just hired hands of shareholders but also want to join a chorus of voices demanding change.
Sonnenfeld's sentiments have been echoed by the recent trend of companies curbing their operations in Russia as a response to Moscow's invasion of Ukraine. However, when it comes to gun control, corporate America seems powerless.
Tesla reported modest sales growth despite price cuts on its lower-priced vehicles, indicating that demand may not be as strong as claimed by CEO Elon Musk. The company also faced production shortages due to the ramp-up at new factories, which might have affected overall numbers.
The case of Tesla highlights that even some of the most influential companies in America are struggling with the challenge of meeting public expectations and translating their promises into tangible results on key issues such as gun control.
In recent years, corporate America has increasingly turned to social activism as a way to demonstrate its commitment to certain causes. In 2019, nearly 150 major companies called on the US Senate to pass legislation addressing gun violence. However, in the wake of the latest mass shooting at a school in Nashville, there has been a striking absence of public statements from top executives.
The silence is attributed to the growing reliance on CEOs as political advocates, with many Americans turning to them for guidance and leadership on key issues. But Yale professor Jeffrey Sonnenfeld argues that corporate America's vocal support for gun control has not led to tangible change, and now they are feeling frustrated and uncertain about how to proceed.
Sonnenfeld believes that the problem lies in the expectation that CEOs will be the only ones to speak out on social issues. He notes that social changes often emerge from grassroots activism, interfaith efforts, and student activism, rather than solely from corporate leadership. The professor thinks that CEOs are not just hired hands of shareholders but also want to join a chorus of voices demanding change.
Sonnenfeld's sentiments have been echoed by the recent trend of companies curbing their operations in Russia as a response to Moscow's invasion of Ukraine. However, when it comes to gun control, corporate America seems powerless.
Tesla reported modest sales growth despite price cuts on its lower-priced vehicles, indicating that demand may not be as strong as claimed by CEO Elon Musk. The company also faced production shortages due to the ramp-up at new factories, which might have affected overall numbers.
The case of Tesla highlights that even some of the most influential companies in America are struggling with the challenge of meeting public expectations and translating their promises into tangible results on key issues such as gun control.