Corporate leaders must intervene when core democratic processes, such as the acceptance of election outcomes and voter access, face direct threats. While a 2025 Ivy League study found that the public generally prefers executives to avoid divisive topics, democratic erosion can harm the broader economy by discouraging vital capital investment. Ken Chenault previously demonstrated this approach in March 2021 by joining former Merck CEO Ken Frazier to mobilize business opposition against voting restrictions.
Key points
Executives should take a public stand on core issues like voting rights rather than comme…: Executives should take a public stand on core issues like voting rights rather than commenting on every political debate.
Protecting the rule of law and democratic stability is essential for maintaining an envir…: Protecting the rule of law and democratic stability is essential for maintaining an environment where businesses can successfully invest capital.
Sustaining an enduring company requires business leaders to adopt a long-term perspective…: Sustaining an enduring company requires business leaders to adopt a long-term perspective regarding overall societal health.
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When a CEO talks politics, people tend to get nervous — especially when the issues don't seem to directly affect the company.
Yet "some fundamental issues" call for a public stance, even if the subject doesn't obviously or immediately affect a CEO's company, former American Express CEO Ken Chenault told CNBC's "Squawk Box" on Monday. Any threat to democratic institutions or processes in the U.S. can ultimately sow political and economic instability that could have a negative impact on any business, regardless of the sector or industry, he added.
"If you want to build an enduring company, you should care about what happens in our society," said Chenault, who stepped down as American Express CEO in 2018 after 37 years at the financial services giant, including nearly 17 as chief executive. He currently serves as chairman and managing director of venture capital firm General Catalyst.
CEOs shouldn't speak out on every political matter, Chenault said. But those seeking lasting success need "long-term perspective" about any risks and opportunities that could ultimately affect their companies, he suggested.
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