ritholtz | “In every well-ordered society charged with the duty of conserving the safety of its members, the rights of the individual in respect of his liberty may at times, under the pressure of great dangers, be subjected to such restraint, to be enforced by reasonable regulations, as the safety of the general public may demand.”
-Justice John Marshall Harlan, Jacobson v. Massachusetts (1905)
I noted back in February that America’s CEOs were “Having a Good Year.” Not just in their response to a deadly pandemic, or to the logistical challenges of remote work or feeding a nation stuck at home, but even their response to the January 6th attempted coup (Let’s stop pussyfooting around with equivocal words like “insurrection”).
The CEO crew congratulated the legitimate victor, dismissed nonsensical conspiracy theories, froze contributions to elected Capitol rioters, and generally behaved like responsible citizens facing a credible crisis of Democracy. Of course, there was some backsliding – I crossed Toyota off of my list never to be purchased or recommended again – but generally speaking, the corporate sector behaved rather well.
The Vaccine hesitancy that has been stoked by bad actors – an unseemly mix of malicious, opportunistic, and plain old stupid – has presented another chance for the corporate sector to demonstrate leadership. The track record is at best mixed.
If for no other reason than self-interest, it’s time for Corporate America to step up its Vax game – and fast. More than their new hires, companies need to get their customers, aka the public, vaccinated. Otherwise, we are going to be living through an echo of 2020, with Covid as an ongoing and perhaps even long-term drag on the economy. This will affect revenue and earnings at all companies.
Even better, as an exercise, let’s name names. Consider these 10 companies as well-situated to effect real social change relative to Vaccines. But really, any company can show leadership.
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