US Corporate Giants Muted on Gun Reform After Nashville School Shooting
The nation's top CEOs are remaining largely silent on gun reform in the wake of the latest mass shooting at a school in Nashville. This is despite their previous efforts to push for legislation and the growing power of large corporations as political advocates.
In 2017, major US companies came together to oppose North Carolina's transgender bathroom law. In 2019, they called abortion bans "bad for business." After the deadly attack on the Capitol in January 2021, many top CEOs denounced rioters and pledged to halt their political giving. Recently, over 1,000 companies promised to curtail operations in Russia in protest of Moscow's war on Ukraine.
Some US companies have made significant efforts to address gun violence, including Dick's Sporting Goods, which stopped selling semi-automatic rifles at stores after the Parkland shooting in 2018, and Walmart, which ended handgun ammunition sales. Corporate America has long been vocal on this issue, with nearly 150 major companies calling for legislation to address gun violence.
However, in the wake of the Nashville school shooting, an unsettling silence has fallen over the business community. Yale professor Jeffrey Sonnenfeld, who has a direct line to top CEOs, attributes this lack of action to frustration. "They've taken a very strong stance and they've gone out further than the general public," he said. "But they don't want to be the only one singing."
Sonnenfeld argues that social capital is as valuable as financial capital for corporate leaders. They want there to be public trust, but they need the rest of civil society to join them. The CEOs' frustration stems from their perception that everyone else is not doing enough.
While some top executives may hold significant influence over politicians through campaign contributions, this notion is far from accurate. Since 2020, big business has given less campaign contributions than in previous years.
The nation's top CEOs are remaining largely silent on gun reform in the wake of the latest mass shooting at a school in Nashville. This is despite their previous efforts to push for legislation and the growing power of large corporations as political advocates.
In 2017, major US companies came together to oppose North Carolina's transgender bathroom law. In 2019, they called abortion bans "bad for business." After the deadly attack on the Capitol in January 2021, many top CEOs denounced rioters and pledged to halt their political giving. Recently, over 1,000 companies promised to curtail operations in Russia in protest of Moscow's war on Ukraine.
Some US companies have made significant efforts to address gun violence, including Dick's Sporting Goods, which stopped selling semi-automatic rifles at stores after the Parkland shooting in 2018, and Walmart, which ended handgun ammunition sales. Corporate America has long been vocal on this issue, with nearly 150 major companies calling for legislation to address gun violence.
However, in the wake of the Nashville school shooting, an unsettling silence has fallen over the business community. Yale professor Jeffrey Sonnenfeld, who has a direct line to top CEOs, attributes this lack of action to frustration. "They've taken a very strong stance and they've gone out further than the general public," he said. "But they don't want to be the only one singing."
Sonnenfeld argues that social capital is as valuable as financial capital for corporate leaders. They want there to be public trust, but they need the rest of civil society to join them. The CEOs' frustration stems from their perception that everyone else is not doing enough.
While some top executives may hold significant influence over politicians through campaign contributions, this notion is far from accurate. Since 2020, big business has given less campaign contributions than in previous years.