By Michael Novak
Achievements--up the bad and animating civil society--are robust ethical claims for company companies yet schemes for company governance jeopardize those achievements.
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Extra info for On Corporate Governance (Pfizer Lecture Series)
Example text
Everyone sees the need for economic growth, even socialists. At their best, however, many executives are still reacting two years too late to issues framed and organized by the Left long before. Much too often, their highest aim is damage limitation. In the arena of public opinion and public policy, tigers in competition have appeared before the public as lambs, bleating in appeasement. 34 For some reason, many executives seem defensive about the crucial value of capitalism, business, and corporations to democracy.
Only two things are wrong. First, the author marches them forward under the flag of appeasement: they will punish us less if we punish ourselves first. Second, the former corporate leader magnifies the forces arrayed against corporations in politics and public opinion and fails to summon up the full MICHAEL NOVAK 29 strength of the intellectual case that corporate leaders can today make to the public. In the past, preemptive strikes to appease the ferocity of self-assured critics may have been necessary, even the best available response.
AEI Press, 1996), delivered as the first of the three Pfizer Lectures. 13. See David Brock’s discussion of Hillary Rodham Clinton’s path to statism, in The Seduction of Hillary Rodham (New York: Free Press, 1996), pp. 112–16. 14. It is a serious error, for example, for IBM to bow to the demands of activists and extend their health plans to pay for domestic partners of homosexual relationships. Domestic partners are not spouses; acts of sodomy—the distinguishing feature of gay relationships—are not morally equivalent to marital acts; and ceding such moral equivalence is a serious moral step not submitted to shareholders for their approval.