Who would have thought that taking a stand against neo-nazis would spark an outcry in 2017 America? But it did. After repeated refusal from Donald Trump to outright condemn the beliefs of the White Nationalists (aka Nazis) who gathered in Charlottesville, Virginia, numerous CEOs who belonged to Trump’s Strategic and Policy Forum decided to disband the group.
In a statement from Jamie Dimon, Chase Chairman and CEO, he explained how Trump’s reaction to events do not fit with his values or the values of his company. As he stated, “There is no room for equivocation here: the evil on display by these perpetrators of hate should be condemned and has no place in a country that draws strength from our diversity and humanity.”
As someone working for an organization that has worked closely with Chase for more than a decade, I say, “Hell yes.” But it begs the question, why did so many companies and CEOs respond to Trumps call in the first place? CEOs like Elon Musk (who would eventually decide to stop advising the President after Trump backed out of the Paris Climate Accord) said he joined the Presidential Advisory Forum “…to provide feedback on issues that I think are important for our country and the world.” Being the voice of reason became a driving force for many of those who joined the effort.
The cynic might say it was just “good business?” After all, Trump won half the country’s vote. You don’t want to turn your back on half of America if you own a business. But it would seem now that “good business” is taking a backseat to “good.”
Only time will tell if this will affect their businesses. However, if one were to listen to the “loud” voices on social media, you would think it would be the latter. After 30 minutes of Chase posting Jamie Dimon’s statement on Facebook, 80% of comments were negative against Jamie Dimon and Chase. That’s right, 80%. But the “like” response tells a different story from the comments. 95% of the clicks were likes and loves. Only 5% hate.
This is the world that CEOs are facing today. Ambiguity is the norm. And what should be a simple decision has become more complicated for business owners. Some businesses, like Nordstrom, who took hardline stances against the Alt Right from the beginning, saw increases in sales. However, sites like grabyourwallet.org who list companies who they believe you should boycott due to their anti-trump views are surprisingly popular. In February of 2017, this site had more than one million visitors.
So, you would think what Jamie Dimon and other business leaders did today would be easy. It was not. It was brave. It was just. And it could very well affect their business in the near future. The great thing is that ultimately they didn’t care. The hope is that, in the long run, choosing to support all people will lead to more customers choosing to do business with you.