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CEOs of major companies often are a curious lot. Most are extremely talented in their fields, thoughtful in their decisionmaking and sometimes daring in their strategies.
They also can be shortsighted, overly focused on the next quarterly earnings report and more attuned to the politics of the nation and their largest markets than what is happening in their own backyards.
Minnesota has been blessed with more than its share of corporate bosses who care deeply about the community. The state’s good fortune is a mix of leaders with strong values, many rooted in the New England commitment to town hall democracy, and an economy, natural resources and workers who gave birth and supported successful businesses. Minnesotans have supported the hometown successes; the business leaders have supported the hometown and state. It has worked well for both. It also has given Minnesotans expectations of business involvement that isn’t the case in many other communities.
All this comes to mind in reflecting on the reactions to a Jan. 25 public letter signed by 60 CEOs calling for “an immediate de-escalation of tensions” in the Department of Homeland Security surge in Minnesota. Some people have cheered the business leaders for publicly stepping into the fray; many others have been critical of what they see as a tepid response to an overwhelming threat and a devastating and ongoing tragedy.
What should one make of the letter from Minnesota’s CEOs? Certainly, they have a stake in an economically strong and peaceful community. As they state in their public letter, “We have been working for generations to build a strong and vibrant state here in Minnesota and will do so in the months and years ahead with equal and even greater commitment.”
But it would be naive to believe that the role of a CEO today isn’t very different from those of even a generation or two ago. Consider the Dayton family. They built a hugely successful retail empire and were leaders — financially and with their time and expertise — in building many of the state’s core cultural, educational and social assets.