Corporate leaders are feeling drained after repeatedly speaking out on gun control issues without seeing meaningful change. After numerous mass shootings in the US, top executives from major companies have called for stricter gun regulations, but their efforts seem to be falling on deaf ears.
In recent years, CEOs like Dick's Sporting Goods' Edward Stack and Citigroup's Jane Fraser have taken a stand against gun violence by implementing new policies, such as stopping sales of semi-automatic rifles at Dick's stores. However, despite these efforts, the US Senate has failed to pass comprehensive gun control legislation.
Many corporate leaders, including those from Yale's Chief Executive Leadership Institute, are frustrated with the lack of progress on this issue. Jeffrey Sonnenfeld, a professor at Yale School of Management, believes that CEOs are being asked to be saviors on every topic and can't take on too many causes.
"We've seen social changes happen when we see interfaith activism, campus activism, and student activism," Sonnenfeld said in an interview. "Where's all the student activism?"
Sonnenfeld also noted that while CEOs have taken a strong stance on gun control, their efforts are not translating into meaningful change. He believes that social capital is as valuable as financial capital and that CEOs need the rest of civil society to join them.
The silence from corporate leaders in recent weeks has been jarring, especially after the latest mass shooting at a school in Nashville. Sonnenfeld's frustration echoes the sentiment among many Americans who feel that corporations are taking on too much responsibility for social change without adequate support from others.
One reason for this feeling is that while CEOs may be able to influence politicians through campaign contributions, their impact has decreased significantly since the 2020 elections. The number of campaign contributions from big businesses has dropped substantially, and many companies have either suspended or reduced their donations due to controversy surrounding certain politicians.
Despite this, some top executives still feel a sense of responsibility to speak out on issues like gun control. However, they are becoming increasingly frustrated with the lack of progress and the expectation that they should be able to solve these problems alone.
In recent years, CEOs like Dick's Sporting Goods' Edward Stack and Citigroup's Jane Fraser have taken a stand against gun violence by implementing new policies, such as stopping sales of semi-automatic rifles at Dick's stores. However, despite these efforts, the US Senate has failed to pass comprehensive gun control legislation.
Many corporate leaders, including those from Yale's Chief Executive Leadership Institute, are frustrated with the lack of progress on this issue. Jeffrey Sonnenfeld, a professor at Yale School of Management, believes that CEOs are being asked to be saviors on every topic and can't take on too many causes.
"We've seen social changes happen when we see interfaith activism, campus activism, and student activism," Sonnenfeld said in an interview. "Where's all the student activism?"
Sonnenfeld also noted that while CEOs have taken a strong stance on gun control, their efforts are not translating into meaningful change. He believes that social capital is as valuable as financial capital and that CEOs need the rest of civil society to join them.
The silence from corporate leaders in recent weeks has been jarring, especially after the latest mass shooting at a school in Nashville. Sonnenfeld's frustration echoes the sentiment among many Americans who feel that corporations are taking on too much responsibility for social change without adequate support from others.
One reason for this feeling is that while CEOs may be able to influence politicians through campaign contributions, their impact has decreased significantly since the 2020 elections. The number of campaign contributions from big businesses has dropped substantially, and many companies have either suspended or reduced their donations due to controversy surrounding certain politicians.
Despite this, some top executives still feel a sense of responsibility to speak out on issues like gun control. However, they are becoming increasingly frustrated with the lack of progress and the expectation that they should be able to solve these problems alone.