Corporate America's Silence on Gun Control is Deafening
When mass shootings occur across the US, one group of individuals that Americans often rely on for guidance and advocacy are CEOs. Their influence and financial power make them a crucial part of shaping public opinion on critical issues such as gun control. However, in recent times, it has become increasingly evident that corporate America is staying quiet on this pressing matter.
In 2017, major CEOs from across the country came together to oppose North Carolina's transgender bathroom law. In 2019 and again this summer, nearly 150 major companies β including Lululemon, Lyft, Bain Capital, Bloomberg LP, Permanente Medical Group, and Unilever β called gun violence a "public health crisis" and demanded that the US Senate pass legislation to address it.
But when there's been a mass shooting at a school in Nashville, the silence from corporate America is jarring. It appears that CEOs are waiting for others to join them in advocating for change.
Jeffrey Sonnenfeld, a Yale professor who has a direct line to major CEOs around the globe, attributes this complacency to the fact that CEOs have taken a strong stance on various issues but haven't done enough to push the needle on gun control legislation. "They're not there as hired hands of shareholders to fill the role of politicians and civic leaders," he said. "They want to join the chorus, but they don't want to be the only one singing."
Sonnenfeld emphasizes that social capital is just as valuable as financial capital for CEOs. They understand that public trust is essential, but they need the rest of civil society to join them in advocating for change.
It's not that CEOs have lost their will to advocate, but rather that they've become frustrated with being expected to solve every issue on their own. When asked if CEOs hold significant influence over campaign contributions, Sonnenfeld replied that this perception is 100% wrong. Since the 2020 elections, there has been a significant decrease in campaign contributions from big businesses.
The recent example of Tesla's sales falling short of production highlights the disconnect between corporate America's words and actions on gun control. Despite CEO Elon Musk's claims of strong demand for lower-priced vehicles, the company still produced more cars than it sold in the first quarter of this year.
When mass shootings occur across the US, one group of individuals that Americans often rely on for guidance and advocacy are CEOs. Their influence and financial power make them a crucial part of shaping public opinion on critical issues such as gun control. However, in recent times, it has become increasingly evident that corporate America is staying quiet on this pressing matter.
In 2017, major CEOs from across the country came together to oppose North Carolina's transgender bathroom law. In 2019 and again this summer, nearly 150 major companies β including Lululemon, Lyft, Bain Capital, Bloomberg LP, Permanente Medical Group, and Unilever β called gun violence a "public health crisis" and demanded that the US Senate pass legislation to address it.
But when there's been a mass shooting at a school in Nashville, the silence from corporate America is jarring. It appears that CEOs are waiting for others to join them in advocating for change.
Jeffrey Sonnenfeld, a Yale professor who has a direct line to major CEOs around the globe, attributes this complacency to the fact that CEOs have taken a strong stance on various issues but haven't done enough to push the needle on gun control legislation. "They're not there as hired hands of shareholders to fill the role of politicians and civic leaders," he said. "They want to join the chorus, but they don't want to be the only one singing."
Sonnenfeld emphasizes that social capital is just as valuable as financial capital for CEOs. They understand that public trust is essential, but they need the rest of civil society to join them in advocating for change.
It's not that CEOs have lost their will to advocate, but rather that they've become frustrated with being expected to solve every issue on their own. When asked if CEOs hold significant influence over campaign contributions, Sonnenfeld replied that this perception is 100% wrong. Since the 2020 elections, there has been a significant decrease in campaign contributions from big businesses.
The recent example of Tesla's sales falling short of production highlights the disconnect between corporate America's words and actions on gun control. Despite CEO Elon Musk's claims of strong demand for lower-priced vehicles, the company still produced more cars than it sold in the first quarter of this year.