Monday, October 18, 2021

Elite Capture: If You Believe Marc Benioff Is A Good Guy - Why Is San Francisco So Squalid?

NPR  |  Benioff's outspokenness is part of his brand. He frequently and forcefully weighs in on controversial issues, including gun policy, human rights, climate change, and politics more broadly.

He is an evangelist for changing the way companies do business, a defender of what's called "stakeholder capitalism," or the belief that corporations should look beyond just the interests of its employees or shareholders and customers.

"We need a new capitalism that is more fair, more equitable, more sustainable," he told CNBC. "Capitalism that values not just all shareholders, but all stakeholders."

Benioff defines "stakeholder" more broadly than most of his contemporaries.

In a recent interview with NPR, Benioff said the planet is a Salesforce stakeholder, and so is the homeless community in San Francisco, where his company has its headquarters, and where his family has lived for four generations.

It's a kind of advocacy few other CEOs have engaged in, according to Benioff.

"When I first started, I don't think there were a lot of CEOs who were willing to speak out and really take positions outside of, maybe, their product," he told NPR.

But that's starting to change — slowly.

In 2015, when Indiana passed a law that would have made it easier for business owners to deny services to same-sex couples because of religious beliefs, Benioff was joined by other CEOs, including Apple's Tim Cook and organizations like NCAA in denouncing the law.

That forced then-Governor Mike Pence to amend the law.

Last year, in a moment that seemed to represent a turning point for corporate America, executives widely condemned the killing of George Floyd, and many pledged to address racial inequality both within their companies and in society at large.

However, many company executives continue to stay away from hot-button issues.

 

 

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