All articles tagged with #corporate activism
The killing of Alex Pretti in Minneapolis jolts the post‑election calm by reigniting scrutiny of immigration enforcement, triggering a wave of corporate condemnation and cultural backlash, and highlighting a thermostatic swing in U.S. opinion on Trump‑era immigration policies as leaders and the public demand accountability.
More than 60 Minnesota-based CEOs, including Target’s incoming CEO Michael Fiddelke and 3M’s William Brown, signed an open letter urging deescalation and cooperation among federal, state, and local officials amid immigration enforcement actions and fatal shootings. The leaders call for a durable solution to let families, businesses, and communities resume normal activity, even as employee backlash and broader corporate activism around ICE grows.
The article criticizes the rightwing culture war tactics exemplified by attacks on Cracker Barrel, which became collateral damage in broader efforts to oppose perceived leftist influences, revealing cynicism and authoritarian motives behind these campaigns.
Microsoft employees and activists have escalated protests against the company's contracts with the Israeli military and government, including disruptive actions at events and targeting executives' homes, demanding Microsoft end its ties and support Palestinian rights.
President Trump is increasingly involving the government in U.S. companies by taking stakes and demanding revenue cuts, signaling a shift towards state-managed capitalism and raising concerns among corporate leaders about interference.
Ben & Jerry's independent board labeled the Gaza conflict a 'genocide,' causing controversy and straining its relationship with parent company Unilever, which distanced itself from the statement amid ongoing tensions over the brand's political activism and social mission.
Exxon's resistance to shareholder activism signals a shift away from the era of corporate ESG (environmental, social, and governance) initiatives, as companies backtrack on diversity targets, minority vendor contracts, and commitments to social causes. The lawsuit filed against Exxon in Texas by shareholder activists may mark the end of the corporate ESG movement, reflecting a broader trend of companies prioritizing bottom-line concerns over progressive demands.
Ben & Jerry’s, the ice cream company, has called for a permanent ceasefire in Gaza, urging the Biden administration and Congress to take action. The company's statement reflects a growing trend of corporate activism on social and political issues.
Carl Icahn's investment firm is facing a federal inquiry into its management and operations after a short seller's report accused the company of running "Ponzi-like economic structures." Shares of Icahn Enterprises have fallen nearly 40% since the report was released. The firm has stated that federal prosecutors have not made any claims or allegations against them or Mr. Icahn. The billionaire activist investor has pledged the majority of his shares in the company as collateral for bank loans. Icahn plans to focus more on corporate activism in the future.