US CEOs are "burned out" on advocating for gun control legislation, according to Yale professor Jeffrey Sonnenfeld, who has direct lines to top executives. Despite their efforts, the impact of corporate America's push for stricter gun laws remains limited.
Sonnenfeld argues that companies have been vocal on issues like voting rights and sustainability but are not addressing more pressing concerns such as immigration reform. He believes CEOs are frustrated because they feel they're being held to an unrealistic standard by society.
Contrary to popular perception, big business has reduced campaign contributions since the 2020 US presidential elections. In fact, some companies have even placed moratoriums on donations or significantly cut back their support for politicians.
The lack of action from CEOs is seen as a missed opportunity for social change. Sonnenfeld emphasizes that social capital is just as valuable as financial capital and that CEOs want to see public trust restored. However, this can only happen if civil society joins the chorus of advocacy.
Tesla's sales figures provide a striking contrast to CEO expectations. Despite price cuts on lower-priced vehicles and strong demand claims from Elon Musk, Tesla has reported modest sales growth in its first quarter compared to the previous year. The company has produced more cars than it delivered to customers for four consecutive quarters, with increased production at new factories contributing to this disparity.
Sonnenfeld's comments serve as a wake-up call for CEOs and corporations to recognize their role in addressing social issues beyond just profit maximization. As one executive noted, "Early this year, we had a price adjustment... And as Elon said, as long as you offer a product with value at an affordable price, you don't have to worry about demand." Yet, the real question remains: will this sentiment translate into meaningful action?
Sonnenfeld argues that companies have been vocal on issues like voting rights and sustainability but are not addressing more pressing concerns such as immigration reform. He believes CEOs are frustrated because they feel they're being held to an unrealistic standard by society.
Contrary to popular perception, big business has reduced campaign contributions since the 2020 US presidential elections. In fact, some companies have even placed moratoriums on donations or significantly cut back their support for politicians.
The lack of action from CEOs is seen as a missed opportunity for social change. Sonnenfeld emphasizes that social capital is just as valuable as financial capital and that CEOs want to see public trust restored. However, this can only happen if civil society joins the chorus of advocacy.
Tesla's sales figures provide a striking contrast to CEO expectations. Despite price cuts on lower-priced vehicles and strong demand claims from Elon Musk, Tesla has reported modest sales growth in its first quarter compared to the previous year. The company has produced more cars than it delivered to customers for four consecutive quarters, with increased production at new factories contributing to this disparity.
Sonnenfeld's comments serve as a wake-up call for CEOs and corporations to recognize their role in addressing social issues beyond just profit maximization. As one executive noted, "Early this year, we had a price adjustment... And as Elon said, as long as you offer a product with value at an affordable price, you don't have to worry about demand." Yet, the real question remains: will this sentiment translate into meaningful action?