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Fortune

Phil Wahba

Americans are growing tired of CEOs lecturing them on social issues

Fortune Stanford

(Credit: Getty Images)

In today’s CEO Daily: Americans’ demand for CEO activism is fading.
The big leadership story: Inside Red Lobster’s alleged Endless Shrimp conspiracy
The markets: A U.K. stock rout is underway as 30-year yields hit their highest since 1998.
Plus: All the news and watercooler chat from Fortune .

Good morning. Phil Wahba here, writing from New York. A few years ago, the general public expected American CEOs to chime in on the social issues of the day, from gun control to racial diversity to gay rights. Tesla CEO Elon Musk famously attacked DEI efforts, while Levi’s former CEO was vocal about curbing gun violence, and Starbucks’ founder once encouraged customers to ask baristas about race relations.

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