Home Daily Blitz The Power of C.E.O. Activism

The Power of C.E.O. Activism


nytimes articleThe following is an excerpt from AARON K. CHATTERJI and MICHAEL W. TOFFEL | APRIL 1, 2016 | Nytimes.com |

OVER the past few years, chief executives — including prominent figures like Lloyd Blankfein of Goldman Sachs, Sheryl Sandberg of Facebook and Howard Schultz of Starbucks — have been taking public stances on controversial issues like race relations and gender equality that are unrelated to their core businesses. It’s headline-grabbing stuff. But is it politically effective?

Anecdotal evidence suggests so. On Monday, for example, after public pressure from the chief executives of Intel, Salesforce.com and Unilever, Gov. Nathan Deal of Georgia, a Republican, announced his intention to veto a “religious liberty” bill that would allow faith-based businesses and nonprofit groups to discriminate against same-sex couples. And last year, Apple’s chief executive, Timothy Cook, publicly opposed a similar bill in Indiana. In the end, Gov. Mike Pence, a Republican, signed a revised version of the law that specified it would not allow discrimination based on sexual orientation or gender identity.

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