Why corporate America appears to be drifting away from the Republican Party

[marmar]

Why corporate America appears to be drifting away from the Republican Party
Public protests over Georgia’s voting law likely contributed to many companies’ taking a strong stand

By M. K. CHIN
MAY 3, 2021 5:48PM


There's a growing rift between corporate America and the GOP – two groups that have long been bedfellows.

The latest incident involves a restrictive voting law passed in Georgia – with dozens of other states working on their own measures meant to limit voting. Over 300 companies, CEOs and other executives signed a statement printed in The New York Times to "defend the right to vote and oppose any discriminatory legislation," while Major League Baseball moved its All-Star Game from Atlanta to Denver.

Republicans reacted furiously and warned of retribution, including eliminating tax breaks for companies taking a stand on the issue. Texas' governor backed out of throwing the ceremonial first pitch at the Texas Rangers' home opener. And Senate Minority Leader Mitch McConnell bluntly warned companies to "stay out of politics" – though he later softened his tone.

Meanwhile, Democrats are trying to capitalize on the fracture.

As a management professor, I study how corporate executives' values and political views affect the decisions they make on behalf of their companies. While I believe CEOs are partly responsible for the growing business-GOP divide, it's not the only factor driving it. ....................(more)

https://www.salon.com/2021/05/03/why-corporate-america-appears-to-be-drifting-away-from-the-republican-party_partner/

[elleng]

1. There's a growing rift between corporate America and the GOP!!!

EXCCELLENT! That'll help HUGELY!