Question
The Georgia state legislature enacted a statute changing voting rules in late March. Ed Bastian is the CEO of Delta Air Lines, which is headquartered
The Georgia state legislature enacted a statute changing voting rules in late March. Ed Bastian is the CEO of Delta Air Lines, which is headquartered in Atlanta. Bastian sharply criticized the statute, calling it "unacceptable," "wrong," and "based on a lie." His statements have resulted in calls to boycott Delta, and the Georgia House voted in favor of a bill that would revoke a $35 million jet fuel tax break for Delta, although it stalled in the Georgia Senate.
Should statements like Bastian's be protected by the business judgment rule?
Setting aside the law, should CEOs speak out on issues of public interest that are not directly related to the business interests of the company they lead?
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