The U.S. Chamber of Commerce calls itself the “world’s largest business organization.” Founded in 1912 at the behest of President William Howard Taft, the Chamber has spent a century promoting the perspective of American business on issues like taxes, regulation, and trade policy. It has doled out more than $1.6 billion to lobby the federal government since 1998, more […]
Last month, McKinsey’s 650 global partners turned down CEO Kevin Sneader’s bid for a second three-year term at the helm. The rejection marked the first time in 40 years the storied consulting firm has opted not to offer its leader a second term. The vote came as McKinsey struggles to reconcile its lucrative business model with a […]
Ten years ago, Hosni Mubarak was forced to relinquish power in Egypt after protests brought millions to the streets of Cairo and Tahrir Square. This popular uprising was the epicenter of what many called the Arab Spring. Like its predecessor, the 1968 “Prague Spring,” the promise of swift liberalization of a repressive system eventually went unfulfilled. A decade […]
President Biden made a passionate appeal for unity in his inaugural address Wednesday, saying, “My whole soul is in this: bringing America together, uniting our people, uniting our nation. And I ask every American to join me in this cause.” Those words reflect Biden’s character and temperament. He seeks common ground, not confrontation. This is a welcome […]
Few will regret the passing of 2020, a year headlined by a global health crisis, profound economic distress, and high-profile examples of racial inequality. From my vantage point, working on human rights in a business school, the past year has underscored the need for global business leaders and government officials to take a more deliberate, […]
Since last week’s election was called in favor of President-elect Joe Biden, social media venues have been flooded with allegations that massive vote fraud altered the outcome. President Donald Trump clings to this view, which is objectively false, and polls taken in the last few days suggest that 70 percent of Republicans now also hold this view. […]
Elon Musk recently announced that Tesla plans to manufacture 20 million electric-powered vehicles by 2030. His bold growth target dovetails with California Governor Gavin Newsom’s announcement that he will propose that his state require all new cars and trucks to be non-gasoline powered by 2035. The impetus is clear: Global warming is threatening our planet, and a […]
Interview with Mike Posner, Jerome Kohlberg Professor of Ethics and Finance and Director for the Center of Business and Human Rights at NYU Stern School of BusinessWhat are your main areas of research/work?
When we launched the Center in 2013, we sought to pioneer new ways of investigating business practices at the industry level. Our methodology prioritizes interview-based research with business leaders and other stakeholders, combined with documentary evidence, policy and data analysis, and visualization.
How does strengthening human rights help reduce ethical misconduct in companies?
To date, most approaches to address human rights or sustainability in business have focused on what happens within the four walls of the firm. They focus on the activities of individual managers to improve company practices or corporate financial contributions to improve the environment, women’s empowerment, or public health. We are very focused on how large global companies make money, their business models for doing so, and the human rights risks in their industry that accompany that model.