Friday, April 16, 2021

Wealthy and Woke; More Than 100 Corporate Executives Hold Call to Discuss Halting Donations and Investments to Fight Controversial Voting Bills

Steve Marcus/Reuters
Wealthy and Woke:
The rich and powerful grow more rich and powerful by scolding their inferiors, while not practicing what they preach.
Ed Bastian made $17 million in 2019 as a chief executive officer of Delta Airlines, Georgia’s largest employer. Bastian just blasted Georgia’s new voting law. He thinks it is racist to require the same sort of ID to vote that Delta requires for its passengers to check in.
Yet most Americans believe that voting is a more sacred act than flying Delta and, moreover, may have noticed that Delta has partnerships with systemically racist China. Also, a recent Associated Press poll showed that 72 percent of Americans favor requiring photo ID to vote.
The most privileged CEOs of corporate America — those who sell us everything from soft drinks and sneakers to professional sports and social media — now jabber to America about its racism, sexism, and other assorted sins.
The rules of cynical CEO censure are transparent.
First, the corporation never harangues unless it feels it has more to lose — whether by boycotts, protests, or bad publicity — than it stands to gain in staying neutral and silent.
Second, class concerns are never mentioned. Bastian made about $65,000 for each working day of 2019. In a sane world, he might seem ridiculous as a voice of the oppressed.
Third, CEOs never fear offending the conservative silent majority, who are assumed not to boycott or protest. --->READ MORE FROM Victor Davis Hanson HERE
Kevin D. Liles for The Washington Post
More than 100 corporate executives hold call to discuss halting donations and investments to fight controversial voting bills:
More than 100 chief executives and corporate leaders gathered online Saturday to discuss taking new action to combat the controversial state voting bills being considered across the country, including the one recently signed into law in Georgia.
Executives from major airlines, retailers and manufacturers — plus at least one NFL owner — talked about potential ways to show they opposed the legislation, including by halting donations to politicians who support the bills and even delaying investments in states that pass the restrictive measures, according to four people who were on the call, including one of the organizers, Jeffrey Sonnenfeld, a Yale management professor.
While no final steps were agreed upon, the meeting represents an aggressive dialing up of corporate America’s stand against controversial voting measures nationwide, a sign that their opposition to the laws didn’t end with the fight against the Georgia legislation passed in March.
It also came just days after Senate Minority Leader Mitch McConnell (R-Ky.) warned that firms should “stay out of politics” — echoing a view shared by many conservative politicians and setting up the potential for additional conflict between Republican leaders and the heads of some of America’s largest firms. This month, former president Donald Trump called for conservatives to boycott Coca-Cola, Major League Baseball, Delta Air Lines, Citigroup, ViacomCBS, UPS and other companies after they opposed the law in Georgia that critics say will make it more difficult for poorer voters and voters of color to cast ballots. Baseball officials decided to move the All-Star Game this summer from Georgia to Colorado because of the voting bill. --->READ MORE HERE
Follow link below to a related story:

First-of-its-kind meeting draws more than 100 corporate leaders to discuss state voting laws

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