How Investors Respond to CEO (In)Activism

CEO activism – CEOs expressing their views on social, environmental, and political issues – is growing, likely driven by popular opinion that CEOs have a duty to stand up for important issues of the day. A 2018 survey of 3,544 individuals across the U.S. found that 65 percent of respondents think “CEOs of large companies should use their position and potential influence on behalf of environmental, social, or political issues that they care about personally.”[1]

CEOs themselves recognize this pressure. Brian Moynihan, CEO of Bank of America, recently commented to the Wall Street Journal that “Our jobs as CEOs … Read more