Dr. Andrew Abela, Dean of the Busch School of Business, was featured in the Wall Street Journal for his commentary piece, "Woke Capitalism in a Secular World."
"Some 18 months ago the Business Roundtable proposed redefining the purpose of a corporation. Rather than simply working in the interest of shareholders, the organization affirmed that companies also should commit to delivering value to customers, investing in employees, dealing fairly and ethically with suppliers, and supporting local communities.
The admirable—if platitudinous—idea quickly has been perverted to mean that businesses ought to obey orders from the progressive elite, regardless of how thin its connection to any company may be. In practice, “woke capital” does little more than pay tribute to progressive causes through marketing and posturing. The problem for companies that play along is that the proponents of many progressive causes are hostile to free enterprise itself. The best that such companies can hope for is short-term appeasement."