The reasons for CEOs’ caution about taking a stance are sometimes practical, for leaders responsible for the livelihood and investments of many—and they go beyond the past two months of ICE agents in Minneapolis. Executives and directors have a fiduciary duty to shareholders, and pushback from Washington might be very bad for company stock—or even lead to business risks that could affect employees. On the other hand, a CEO may well think it’s good for the company to show employees, customers, and shareholders that it can take a strong moral stand.
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