{"id":127541,"date":"2022-05-27T19:22:57","date_gmt":"2022-05-27T19:22:57","guid":{"rendered":"https:\/\/fin2me.com\/?p=127541"},"modified":"2022-05-27T19:22:57","modified_gmt":"2022-05-27T19:22:57","slug":"corporations-weigh-involvement-in-voting-rights","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/corporations-weigh-involvement-in-voting-rights\/","title":{"rendered":"Corporations weigh involvement in voting rights"},"content":{"rendered":"<p><cite>New York (CNN Business)<\/cite>Corporate America has said very little following this week&#8217;s Texas school shooting that left 21 people dead. Yale professor Jeff Sonnenfeld is calling out their silence.<\/p>\n<p>Sonnenfeld, a vocal advocate of corporate social responsibility, applauded Goldman Sachs CEO David Solomon for speaking up but said more is needed.<br \/>\n&#8220;This voice is a start but still not the loud chorus of CEOs and other leaders needed,&#8221; the Yale professor told CNN in an email on Friday.<\/p>\n<ul><\/ul>\n<p><img decoding=\"async\" alt=\"Jeffrey A. Sonnenfeld, Senior Associate Dean for Leadership Studies &amp;amp; Lester Crown Professor in the Practice of Management at Yale University.\" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/220527104346-jeffrey-sonnenfeld-yale-large-169.jpg\"><\/p>\n<p>Sonnenfeld, whose list of companies cutting ties with Russia pressured other brands to do the same, noted that many leaders have shied away from making statements following Tuesday&#8217;s shooting at Robb Elementary School in Uvalde, Texas. <\/p>\n<ul><\/ul>\n<p>&#8220;As before, where are the united clergy, the trade union leaders, the pension funds, the institutional investors, the professional associations and the campuses (who did speak out so well post-Parkland)?&#8221; Sonnenfeld said, referring to the 2018 shooting at Marjory Stoneman Douglas High School in Parkland, Florida. <\/p>\n<p>Neither the US Chamber of Commerce nor the Business Roundtable, the two leading business trade groups, have issued statements since Tuesday&#8217;s shooting.<\/p>\n<h3>Playing with fire<\/h3>\n<ul><\/ul>\n<p>Corporate America has faced growing pressure from their employees and shareholders to act socially responsible. Many companies have recently taken stands on hot-button concerns, including abortion rights, unconscious bias in the workplace, gender equality, LGBT+ issues, voting rights and the preservation of democracy.<br \/>\nThe Business Roundtable in 2019 said corporations are no longer beholden exclusively to shareholders, and companies have a responsibility to improve society by serving all stakeholders &#8212; including customers and employees &#8212; ethically, morally and fairly.<br \/>\nYet, recently, some Republican politicians have taken action against companies that have spoken out about controversial new laws.<br \/>\nGeorgia&#8217;s Republican-controlled House in April 2021 voted to revoke a major tax break for <span>Delta Air Lines<\/span> <span>(<span>DAL<\/span>)<\/span> as punishment for its CEO&#8217;s public criticism of the state&#8217;s controversial law that restricts ballot access. Lawmakers ultimately let Delta keep its tax break. But Georgia Republicans rescinded a similar tax break in 2018 after Delta cut ties with the National Rifle Association.<br \/>\nThis year, Florida eliminated a tax break for Disney after CEO Bob Chapek, under pressure from employees, denounced the state&#8217;s so-called Don&#8217;t Say Gay law.<\/p>\n<ul><\/ul>\n<p>It&#8217;s not clear if companies&#8217; lack of action on the latest mass shooting is a result of complacency, fear or some other reason. But Sonnenfeld says the silence is deafening.<br \/>\n<em>&#8212; CNN Business&#8217; David Goldman contributed to this report<\/em><br \/>\nSource: <a href=\"https:\/\/edition.cnn.com\/2022\/05\/27\/business\/sonnenfeld-yale-corporate-responsibility-uvalde\/index.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)Corporate America has said very little following this week&#8217;s Texas school shooting that left 21 people dead. Yale professor Jeff Sonnenfeld is [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":127540,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Corporations weigh involvement in voting rights - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/corporations-weigh-involvement-in-voting-rights\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corporations weigh involvement in voting rights - Fin2me\" \/>\n<meta property=\"og:description\" content=\"New York (CNN Business)Corporate America has said very little following this week&#8217;s Texas school shooting that left 21 people dead. 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