Executive teams of large U.S. corporations are becoming increasingly partisan, resulting in “a political polarization of corporate America,” according to a new study from the National Bureau of Economic Research. This polarization has implications for the values of firms as well, the study found.
While workplace diversity in recent years has received a lot of attention, particularly in relation to gender and color, political diversity is clearly moving in the opposite direction.
Historically, the workplace has been more politically diverse, offering opportunity for cross-party relationships compared to other settings, such as the family, neighborhood, or voluntary organizations.
But it’s no longer the case at the corporate leadership level, according to researchers from Boston College, University of Chicago, and Cornell University. They conducted their study by analyzing voter registration records for senior executives at S&P 1500 companies between 2008 and 2020….