US Companies' Silence on Gun Control Sparks Frustration Among Executives.
It's become increasingly common for large corporations to weigh in on social and political issues. CEOs often join high-profile campaigns to advocate for causes ranging from gun control to environmental sustainability. In recent years, these corporate leaders have spoken out against transgender bathroom laws, abortion bans, and even the US Capitol riot.
But the latest mass school shooting in Nashville has left many Americans wondering why prominent business executives aren't speaking up about gun reform now that more than 150 major companies – including Lululemon, Lyft, and Bloomberg LP – called for legislation to address it back in 2019.
"We're waiting for everybody else," said Jeffrey Sonnenfeld, a Yale professor who advises top CEOs. "CEOs have joined causes with valor and nobility but can't just be taking cause after cause as if there's nobody else in society."
Sonnenfeld believes that while large corporations are still vocal on other issues like voting rights and sustainability, they're not following suit on gun control due to a growing frustration among executives. The problem, according to Sonnenfeld, is that CEOs feel they can't single-handedly push the needle on legislation without broader societal support.
When asked whether the silence among top CEOs stems from their power over campaign contributions, Sonnenfeld denied this. "It's not like CEOs control the purse strings when it comes to politicians," he said.
In fact, according to recent data, much less campaign contribution has come from big business since the 2020 elections. This suggests that while large corporations have significant influence in politics, they don't necessarily use their power to back specific causes.
Tesla's latest sales numbers – which fell short of production for the fourth consecutive quarter – illustrate this trend. Despite CEO Elon Musk's claims about strong demand at lower price points, Tesla reported only a modest 4% rise in sales despite recent price cuts on its lower-priced vehicles.
It's become increasingly common for large corporations to weigh in on social and political issues. CEOs often join high-profile campaigns to advocate for causes ranging from gun control to environmental sustainability. In recent years, these corporate leaders have spoken out against transgender bathroom laws, abortion bans, and even the US Capitol riot.
But the latest mass school shooting in Nashville has left many Americans wondering why prominent business executives aren't speaking up about gun reform now that more than 150 major companies – including Lululemon, Lyft, and Bloomberg LP – called for legislation to address it back in 2019.
"We're waiting for everybody else," said Jeffrey Sonnenfeld, a Yale professor who advises top CEOs. "CEOs have joined causes with valor and nobility but can't just be taking cause after cause as if there's nobody else in society."
Sonnenfeld believes that while large corporations are still vocal on other issues like voting rights and sustainability, they're not following suit on gun control due to a growing frustration among executives. The problem, according to Sonnenfeld, is that CEOs feel they can't single-handedly push the needle on legislation without broader societal support.
When asked whether the silence among top CEOs stems from their power over campaign contributions, Sonnenfeld denied this. "It's not like CEOs control the purse strings when it comes to politicians," he said.
In fact, according to recent data, much less campaign contribution has come from big business since the 2020 elections. This suggests that while large corporations have significant influence in politics, they don't necessarily use their power to back specific causes.
Tesla's latest sales numbers – which fell short of production for the fourth consecutive quarter – illustrate this trend. Despite CEO Elon Musk's claims about strong demand at lower price points, Tesla reported only a modest 4% rise in sales despite recent price cuts on its lower-priced vehicles.