Posted on 12/14/2019 4:29:18 AM PST by karpov
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[W]hether most CEOs are prepared to make a real difference on the toughest challenges is an open question.
A number have spoken out on an assortment of important subjects—gun control, immigration, race relations, affordable housing, transgender rights and more. But they can be warier in taking on the issues that are most core to the business.
On the environment, for instance, “things are moving in the right direction—but not fast enough,” says Andrew Winston, who has advised major corporations on sustainability. “Emissions continue to go up, and companies are still preoccupied with asking, ‘What about the shareholder?’ ” A survey this year of 1,000 CEOs from around the world by Accenture discovered that just a third of them are willing to commit immediately to cutting greenhouse gases by amounts promulgated in the Paris climate agreement.
As to the experience of workers, there tends to be more self-congratulation among CEOs than honest self-reflection. Top executives “genuinely believe they are doing everything they can for their front-line workers and therefore don’t have a bad jobs problem,” Katie Bach and Zeynep Ton of the nonprofit Good Jobs Institutewrote last month in Harvard Business Review. “But they aren’t and they do.”
As CEOs try to navigate the crosscurrents, they are being forced to summon a host of new skills.
“Over the past decade, the CEO of choice was one who understood the balance sheet,” says Tierney Remick, co-leader of the Board and CEO Services team at Korn Ferry, the organizational consulting firm. “Over the next decade, you’re going to need someone who can drive both a business agenda and a much broader stakeholder agenda.”
Being successful at this, she says, “doesn’t mean having a lack of competitiveness.” But it takes considerable empathy and self-awareness, the ability to listen deeply and communicate cogently
(Excerpt) Read more at wsj.com ...
They had better stay "preoccupied". CEOs should run their companies and not become leftist advocates on the issues of "gun control, immigration, race relations, affordable housing, transgender rights".
Note how “social responsibility” is always assumed to mean buying into liberal world view and preferred course of action. In reality, true responsibility would be fighting for liberty and human rights, not against them, and standing up for truth against bullshit (and your stockholders in the bargain). Believing stuff that isn’t true doesn’t actually help anyone, except when you’re being blackmailed. So true leadership and responsibility would be fixing the real problem, iow kneecapping the blackmailers.
Homosexuals pushed their agenda by using this tactic. They move from company to company buying voting shares and moving corporate boards left. McDonald’s was ruined using this tactic.
Moral people could use this tactic too. The Ave Maria fund specifically doesn’t invest in company’s that fund abortion. I wish I knew of more investment funds like that. Retired people could make a huge different in the world.
You can be making a million a year, but if one of the employees “offends” a specially-privileged member of a government-certified victim group, YOU will be the one forced to resign.
Or if a picture of you in blackface from 1970 suddenly appears, you will be kicked out. (This does not apply to democrat politicians.)
I don’t know what’s tricky about making a stand and being a Man.
Balls, they have for the most part disappeared, the Greatest Generation and their kids the boomers used them all up.
They came up in a fund screen I did yesterday, and I wondered about the name. Pretty good performance too, iirc.
It came up as top 3 fund in one search I did. We asked a broker about it and he liked it. I’d like to know if there are others like it.
It is not tricky at all. You STAY OUT OF IT. Unless your business is supplying flags to radicals or something like that, then you FOCUS on your product and DO NOT ALLOW top-level “discussions” by officers about religion, or social politics. It is the third rail. Business is Business, it is not a social welfare project.
New rule proposal for prospective CEOs: The gutless need not apply.
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