Major Obama donors included Google’s Eric Schmidt, LinkedIn’s Reid Hoffman, and Facebook’s Sheryl Sandberg. They liked Obama because he got it he used their products, embracing social media from the start.
Whether they were libertarians or progressives or nonpolitical, they definitely weren’t suburban, religious conservatives.Ĭlinton had received some Silicon Valley support from the first wave of Internet entrepreneurs, but the tech leaders really flexed their financial power for Obama in 2008. Tech executives had different perspective, cultures, and values. The rise of Silicon Valley ushered in a new breed of CEOs. The rise of tech CEOs, which coincided with the rise of Obama For a Democrat, Clinton won a fair amount of business support from executives satisfied that he wasn’t as profligate as other liberals. And while the business community had quietly worried about Reagan’s deficit handling, Clinton balanced the budget and ran a surplus for four years in a row. He pushed financial deregulation, culminating in the repeal of Glass-Steagall in 1999.
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He championed free trade and signed NAFTA in his first term. More reporting doesn’t necessarily mean more progress-critics of the movement say accountability can be vague – but even by pursuing sustainability in name companies were moving further from the Republican Party line.įollowing 12 years of Republican presidencies, Bill Clinton successfully won two terms as a “New Democrat”-read business-friendly, not tax-and-spend. The number of B-Corps, which take sustainability one step further, has risen to over 4000, including Ben & Jerry’s and Patagonia. The number of companies that file sustainability reports has grown by 100 times over the past three decades. In the 1980s and 1990s, companies started believing they could thrive while becoming greener and more socially responsible, and they wanted to get credit for their actions. The rise of the corporate sustainability report was the first trickle.
Corporations started caring about sustainability
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