CEO silence on gun reform is jarring after mass school shooting in Nashville. The US has grown accustomed to corporate executives engaging with politicians and discussing various issues, including geopolitics and policy. However, their reluctance to speak out on gun control following the latest mass school shooting is puzzling.
In recent years, major CEOs have used their collective voice to address contentious issues such as transgender bathroom laws and abortion bans. They've also condemned violence and called for action in response to high-profile incidents like the US Capitol riot and mass shootings in Parkland, Florida, and El Paso, Texas. In 2019 and again this summer, nearly 150 major companies expressed their concerns about gun violence and demanded legislation from the Senate.
Yet, since the latest school shooting in Nashville, corporate America has remained largely silent on the issue. This absence of public advocacy from top CEOs is frustrating them, according to Yale professor Jeffrey Sonnenfeld, a vocal advocate for corporate social responsibility. He notes that CEOs have taken a strong stance on gun control and are now waiting for others to join them.
Sonnenfeld believes that social capital β or social trust β is just as valuable as financial capital. CEOs understand the importance of public trust but need civil society to join forces with them. They're not there solely to fill politicians' shoes, but rather to contribute to the chorus of advocacy on pressing issues.
While it's true that some companies have stopped donating large sums to politicians in recent years, this isn't necessarily a reflection of CEOs' influence over campaign finance. The data suggests that big business has actually reduced its campaign contributions since 2020, particularly after the January 6 US Capitol riot.
Tesla reported modest sales growth in the first quarter but struggled with production and delivery numbers. CEO Elon Musk's assertions about strong demand for Tesla's lower-priced vehicles seem to be at odds with the company's actual production figures. As a result, some analysts have questioned whether there's actually a "value proposition" that justifies the high prices Musk is charging for his products.
In recent years, major CEOs have used their collective voice to address contentious issues such as transgender bathroom laws and abortion bans. They've also condemned violence and called for action in response to high-profile incidents like the US Capitol riot and mass shootings in Parkland, Florida, and El Paso, Texas. In 2019 and again this summer, nearly 150 major companies expressed their concerns about gun violence and demanded legislation from the Senate.
Yet, since the latest school shooting in Nashville, corporate America has remained largely silent on the issue. This absence of public advocacy from top CEOs is frustrating them, according to Yale professor Jeffrey Sonnenfeld, a vocal advocate for corporate social responsibility. He notes that CEOs have taken a strong stance on gun control and are now waiting for others to join them.
Sonnenfeld believes that social capital β or social trust β is just as valuable as financial capital. CEOs understand the importance of public trust but need civil society to join forces with them. They're not there solely to fill politicians' shoes, but rather to contribute to the chorus of advocacy on pressing issues.
While it's true that some companies have stopped donating large sums to politicians in recent years, this isn't necessarily a reflection of CEOs' influence over campaign finance. The data suggests that big business has actually reduced its campaign contributions since 2020, particularly after the January 6 US Capitol riot.
Tesla reported modest sales growth in the first quarter but struggled with production and delivery numbers. CEO Elon Musk's assertions about strong demand for Tesla's lower-priced vehicles seem to be at odds with the company's actual production figures. As a result, some analysts have questioned whether there's actually a "value proposition" that justifies the high prices Musk is charging for his products.