Why are so many big brands insulting and confusing their customers and employees with divisive political statements – and will anyone grab the wheel before the decision-makers drive the company off a cliff?
If senior leaders have a clear political agenda (eg. Israel/Gaza, or environmentalism) or personal interest (eg. racial justice, or a trans-identifying child) should they be removed from discussions where their strong emotions create a conflict of interest?
Bud Light’s decision to work with the trans influencer Dylan Mulvaney (creating a 25% sales dive) wasn’t an isolated incident. Aviva, Ben & Jerry’s, Wickes, Starbucks, Coca Cola, Wickes, John Lewis, NatWest, Unilever, Proctor and Gamble and Virgin Active have all been burned after wandered into red-hot debates.
Is this recklessness coming from the top – or have the senior leaders lost control of activist groups at more junior levels?
Are boards broken – or just looking the other way? And why aren’t risk teams flagging the obvious legal, reputational and financial dangers here?
This episode is packed with insights about the shadowy world of senior leadership – and analysis of what is going badly wrong in so many companies.
According to Paul Sweeney, seasoned corporate strategic advisor, and author of Magnetic Nonsense, we are watching the shattering of the ‘illusion of corporate governance’ – and it’s quite a spectacle! We discuss:
* WHAT RISK ARE COMPANIES RUNNING BY FOLLOWING ACTIVIST AGENDAS? Who is pushing these, why is it so hard to stop them – and should CEOs who damage the organisation’s reputation and/or finances be fired? (Paul says yes…)
* WHY DID BOARDS PANIC IN 2020? Were they too quick to make political statements and approve DEI targets, after the death of George Floyd? Paul remembers that period vividly…
* WHAT ROLE DID MANAGEMENT CONSULTANCIES PLAY IN STEERING COMPANIES IN THE WRONG DIRECTION ON DEI? Paul admits no-one read the small print of the McKinsey reports which claimed demographic diversity leads to better business outcomes
* HAVE BIG FIRMS BEEN DOING POSITIVE DISCRIMINATION ‘BY STEALTH’ AT SENIOR LEVELS, even though it is unlawful in the UK? Have specialist diversity headhunters like Green Park and Involve solved any problems – or just made a fortune creating new ones for us all, including the suspicion that some senior leaders are ‘DEI hires’ when in fact they were appointed on merit?
* HOW WILL COMPANIES BACKTRACK FROM HERE? And has Donald Trump changed everything?
Enjoy the episode!
