U.S. markets close in 2 hours 56 minutes
  • S&P 500

    3,891.74
    +46.66 (+1.21%)
     
  • Dow 30

    31,280.38
    +242.70 (+0.78%)
     
  • Nasdaq

    11,588.89
    +227.04 (+2.00%)
     
  • Russell 2000

    1,769.05
    +41.50 (+2.40%)
     
  • Crude Oil

    103.79
    +5.26 (+5.34%)
     
  • Gold

    1,740.60
    +4.10 (+0.24%)
     
  • Silver

    19.22
    +0.06 (+0.32%)
     
  • EUR/USD

    1.0161
    -0.0024 (-0.23%)
     
  • 10-Yr Bond

    3.0130
    +0.1000 (+3.43%)
     
  • GBP/USD

    1.2012
    +0.0091 (+0.76%)
     
  • USD/JPY

    136.0000
    +0.0850 (+0.06%)
     
  • BTC-USD

    21,061.72
    +759.07 (+3.74%)
     
  • CMC Crypto 200

    459.57
    +15.26 (+3.43%)
     
  • FTSE 100

    7,189.08
    +81.31 (+1.14%)
     
  • Nikkei 225

    26,490.53
    +382.88 (+1.47%)
     

Abrams: it’s ‘disingenuous’ for a CEO to avoid commenting on politics

‘Level up’ co-author, Stacey Abrams, joins 'Influencers with Andy Serwer' to discuss the intersection of business and politics.

Video Transcript

STACEY ABRAMS: I believe it's important for us to understand that politics is about how we live our lives together. I've got a 15-year-old niece, and we were talking about the difference between politics and the economy. Economy is how we spend are-- how we make and spend our money. Politics is how we make and spend our-- our time and how we determine how we will live our lives, our lives.

And so it is disingenuous to think that you can separate economics from politics, or that a CEO can separate her responsibility as a political leader from her responsibility as a-- as an economic leader. The challenge is determining which questions require your input, but also deciding when that input is necessary. And any good CEO knows that you don't have to micromanage your processes. If you're doing the right thing, if you're hiring the right people, most of it will get done.

But when those questions become so large as to impact everyone, or to impact your employees, or to have a seismic effect on your ability to continue operating your business, then absolutely, you should be involved. And there are some conversations that are social in nature, others that are cultural, but those that are foundational that cut across your ability to make good decisions, especially about how we live our lives. Those are the moments where I think CEOs and other business leaders have a responsibility to step up and make their voices heard.