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Monday, April 29, 2024

For CEOs, the New Business of Business Is … Politics

Coca-Cola chief executive James Quincey, pictured here in 2019, came under fire from activists for his company’s initially muted response to a controversial voting-rights law in Georgia.  reuters

Big consumer brands like Coca-Cola Co. and Delta Air Lines Inc. for years have positioned themselves as forces for promoting what they see as social good — an approach they displayed last summer after the death of George Floyd.

Coca-Cola turned off its Times Square billboard for a day. Delta flew Mr. Floyd’s body to his family in Houston.

The Atlanta-based companies were among the scores of big corporations around the United States that pledged an array of money and initiatives toward racial justice amid the upheaval that Mr. Floyd’s death while in police custody unleashed.

Now, business leaders are facing new…

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