Many sports fans are familiar with this dilemma: do I want my team to put everything on the line to win now or would I prefer that my team take its time and try to methodically build a long term successful franchise? This is very similar to the quandary that investors, stakeholders and management at some of the world’s most powerful companies find themselves facing. This week on Sea Change Radio, we speak to John Wilson, the head of Corporate Governance for Cornerstone Capital. Wilson and host Alex Wise discuss how managers balance trying to please dividend-hungry shareholders with keeping an eye on the future, how automation will affect the global economy, and how all of this is ultimately an issue of sustainability.
According to the Supreme Court, corporations are people. The absurdity of this statement notwithstanding, it is clear that, like people, corporations make mistakes, and sometimes commit crimes and atrocities. This week on Sea Change Radio we talk with two experts about the impact that two energy corporations have had on actual people. First, host Alex Wise speaks with Inside Climate News reporter Neela Banerjee about the stark contrast between what happened at Aliso Canyon and what happened near Mobile, Alabama when gas and chemical spills contaminated the communities there. The same company, Sempra Energy, was involved, and yet the response and aftermath were vastly different, with race and class factoring significantly into environmental justice outcomes. Then we hear from John Wilson, Head of Corporate Governance at Cornerstone Capital Group about the death of former Chesapeake Energy CEO Aubrey McClendon. Facing widespread accusations that he cheated landowners out of the money they were promised in exchange for letting Chesapeake Energy drill for natural gas on their property, Chesapeake’s founder died in mysterious fashion. Wilson gives us his environmental, social, and corporate governance perspective on the corruption allegations and the demise of the man Forbes Magazine once called “the world’s most reckless billionaire.”
Calories and sustainability issues aside, would you eat at Chick-fil-A despite the publicly anti-gay positions of its owners? Would a corporation’s discriminatory employment policies deter you from buying shares in it? Millions of Americans have changed their consumer habits based on whether they perceive corporations to be behaving in socially responsible ways. This week on Sea Change Radio, host Alex Wise speaks with John Wilson, the Head of Corporate Governance at Cornerstone Capital Group, about the how the fight for LGBT equality has seeped into mainstream corporate America. They discuss the religious roots of the corporate social responsibility movement, talk about how religion and progressive values are squaring off in North Carolina’s civil rights battle, and contemplate the impact of the most profitable company in the world being led by a proudly gay man.