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Consumer responses to Gulf oil spill reflect Americans' changing corporate expectations
Date:6/16/2010

ban.

Republicans disagreed sharply with Independents and Democrats on issues concerning offshore drilling. On the 0-to-10 scale, Republicans more strongly agreed that:

  • The government should allow offshore exploration (7.8).
  • Offshore drilling is critical for America to maintain its competitiveness (8.2).

"People are recognizing business is a key driver of economic and societal progress," Mittal said. "They understand the best way is not to block the economic process of running a business, but to expect companies and their CEOs to create shareholder wealth while being socially responsible."

Mittal noted that business executives are realizing the changing expectations. He cited a 2010 study that showed 60 percent of business executives consider sustainability issues to be very or extremely important in their overall corporate strategy.

"I expect this proportion to only grow in the coming future," he said. "However, I concur with the public's general view that populist government interventions that block progress are unlikely to solve complex issues facing societies -- of which public, business and government are co-equal key stakeholders."


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Contact: David Ruth
druth@rice.edu
713-348-6327
Rice University
Source:Eurekalert

Page: 1 2

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