US business endorse wokeness
The Business Roundtable is one of Washington’s top business lobbies, composed of the chief executives from dozens of the United States’ largest corporations. On Monday, the group released a “statement on the purpose of a corporation,” signed by 181 of its 193 members. Critics and supporters of business alike have characterized the statement as a major shift away from “shareholder” capitalism toward an alternative “stakeholder” model pushed by some progressive academics and policymakers.
Among the diverse group of CEOs who signed the new statement were Amazon’s Jeff Bezos, Chevron’s Michael Wirth, Blackrock’s Larry Fink, Boeing’s Dennis Muilenburg, Goldman Sachs’ David Solomon, IBM’s Ginni Rometty, JP Morgan’s Jamie Dimon, Vanguard’s Mortimer Buckley, Walmart’s Doug McMillon, Citigroup’s Michael Corba, Coca-Cola’s James Quincey, and Fox Corporation executive chairman and CEO Lachlan Murdoch.
Here’s why it’s a worry: if you own the company, you’re a capitalist; if you run the company for someone else, you’re a manager.
For the most part, these decisions have been made by managers. And they’re just invited activists to tell the company what to do.
A costly, costly mistake.
We don’t think you’re a goose because of racism
Jessica Mulroney won’t stand for the mistreatment of her longtime best friend, Meghan Markle.
In the midst of yet another scandal involving the Duke and Duchess of Sussex, the Canadian stylist made her stance clear on the matter with an Instagram post directed to the royal couple’s harshest critics.
“When someone faces unfair criticism, you call it out,” Mulroney’s post read. “When that person is your friend and family, you call those critics what they truly are. Shame on you, you racist bullies.”
Mulroney is referring to the backlash against Meghan and Prince Harry over their recent use of a private jet, which was later revealed to be that of Elton John‘s. Just yesterday, the legendary musician denied the “malicious” rumors surrounding Meghan, Harry and baby Archie Harrison‘s trip to his French estate, saying that he provided the family with the aircraft out of safety and privacy concerns. Additionally, Elton insisted that he complied with the couple’s eco-conscious platform by ensuring their flight was carbon neutral.
Vale Tim Fischer
But check out the hate in the comments to this tweet:
Barnaby Joyce leads tributes to former Nationals leader Tim Fischer. “He had a erudite understanding of some of the most peculiar facts and figures and he was driven by a laser-like compass for what is right and wrong,” Mr Joyce told The New Daily. https://t.co/46lLVIg0Rh
— ???????? ?????? (@samanthamaiden) August 22, 2019
Gillette realises who its customers are
Razor brand Gillette says it is “shifting the spotlight from social issues to local heroes” after an ad delving into “toxic masculinity” caused a customer backlash.
The new ad, which launched last week, stars Australian firefighter and personal trainer Ben Ziekenheiner. “I’ve been a firefighter for 19 years,” Mr Ziekenheiner says in the ad.
“People sometimes ask if it’s scary. It can be, but like anyone who has a job to do, you prepare — not just in terms of your equipment but also mentally and physically.”
But they’re razors are still too expensive. And men may not remember their wife’s birthday but they know when they treated like crap. That is remembered. And that what you did, Gillette. Now, bugger off.
Read more about the cost of ethics in business here.
Photo by Ishtiaque G2 on Unsplash
