Business Roundtable

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Group.png Business Roundtable  
(Lobby groupWebsiteRdf-entity.pngRdf-icon.png
Formation1972
Founder• John D. Harper
• Roger Blough
Membership• Thomas Murphy
• Irving Shapiro
• Clifford Garvin
• John Castellani
• Mike Roman
• 3M
• Kevin J. Wheeler
• A.O. Smith Corporation
• Robert Ford (CEO)
• Abbott
• Richard A. Gonzalez
• AbbVie
• Julie Sweet
• Accenture
• Carlos A. Rodriguez
• ADP
• Andrés Gluski
• The AES Corporation
• Dan Amos
• Aflac Incorporated
• John O. Larsen
• Alliant Energy Corporation
• Lee J. Styslinger III
• Altec
• Jeff Bezos
• Amazon
• Doug Parker
• American Airlines
• Nicholas K. Akins
• American Electric Power
• Stephen J. Squeri
• American Express
• Thomas A. Bartlett
• American Tower Corporation
• James Cracchiolo
• Ameriprise Financial
• Gail K. Boudreaux
• Anthem
• Gregory C. Case
• Aon
• Tim Cook
• Apple
• Alan B. Colberg
• Assurant
• John Stankey
• AT&T
• John A. Hayes
• Ball Corporation
• Brian T. Moynihan
• Bank of America
• José E. Almeida
• Baxter International
• Philip Blake
• Bayer Corporation
• Brendan P. Bechtel
• Bechtel Group
• Corie Barry
• Best Buy
• Laurence D. Fink
• BlackRock
• Stephen A. Schwarzman
• Blackstone
• David Calhoun
• The Boeing Company
• Glenn Fogel
• Booking Holdings
• Frédéric Lissalde
• BorgWarner
• Rich Lesser
• Boston Consulting Group
• Bernard Looney
• BP
• Giovanni Caforio
• Bristol-Myers Squibb
• Kewsong Lee
• The Carlyle Group
• David L. Gitlin
• Carrier
• D. James Umpleby III
• Caterpillar
• Robert E. Sulentic
• CBRE Group
• W. Anthony Will
• CF Industries
• Mike Wirth
• Chevron Corporation
• Brian Niccol
• Chipotle Mexican Grill
• Evan G. Greenberg
• Chubb
• David Cordani
• Cigna Corporation
• Chuck Robbins
• Cisco
• Michael L. Corbat
• Citigroup
• Lourenco Goncalves
• Cleveland-Cliffs
• CNH Industrial
• James Quincey
• The Coca-Cola Company
• Brian Humphries
• Cognizant
• Brian L. Roberts
• Comcast Corporation
• Ryan M. Lance
• ConocoPhillips
• Wendell P. Weeks
• Corning Incorporated
• James C. Collins Jr.
• Corteva Agriscience
• Tom Linebarger
• Cummins Inc.
• Brett White
• Cushman & Wakefield
• Larry J. Merlo
• CVS Health
• Harold L. Yoh III
• Day & Zimmermann
• John May
• Deere & Company
• Michael Dell
• Dell Technologies
• Punit Renjen
• Deloitte Global
• Ed Bastian
• Delta Air Lines
• Jim Fitterling
• Dow
• Lynn J. Good
• Duke Energy Corporation
• Edward D. Breen
• DuPont de Nemours
• Mike Salvino
• DXC Technology
• Mark J. Costa
• Eastman
• Craig Arnold
• Eaton
• Pedro J. Pizarro
• Edison International
• Darren W. Woods
• ExxonMobil
• Carmine Di Sibio
• EY
• Frederick W. Smith
• FedEx Corporation
• Gary Norcross
• Fidelity National Information Services
• Revathi Advaithi
• Flex
• Carlos M. Hernandez
• Fluor Corporation
• Jim Hackett
• Ford Motor Company
• Lachlan Murdoch
• Fox Corporation
• Richard C. Adkerson
• Freeport-McMoRan Inc.
• Sonia Syngal
• Gap Inc.
• Larry Culp
• GE
• Phebe Novakovic
• General Dynamics Corporation
• Mary T. Barra
• General Motors Company
• David Solomon
• Goldman Sachs
• Deanna M. Mulligan
• The Guardian Life Insurance Company of America
• Gerald W. Evans Jr.
• Hanesbrands Inc.
• Steven R. Swartz
• Hearst
• Craig Menear
• The Home Depot
• Darius Adamczyk
• Honeywell
• Bruce Broussard
• Humana
• Mike Petters
• Huntington Ingalls Industries
• Arvind Krishna
• IBM Corporation
• Robert H. Swan
• Intel
• Mark Sutton
• International Paper Company
• Michael I. Roth
• The Interpublic Group of Companies
• Linda Apsey
• ITC Holdings Corp.
• George R. Oliver
• Johnson Controls International
• Alex Gorsky
• Johnson & Johnson
• Jamie Dimon
• JPMorgan Chase & Co.
• Greg A. Adams
• Kaiser Permanente
• Christopher M. Gorman
• KeyCorp
• Rick Lanoha
• Kiewit Corporation
• Michael Hsu
• Kimberly-Clark
• KPMG
• William M. Brown
• L3Harris Technologies
• Beth Ford
• Land O'Lakes
• Roger A. Krone
• Leidos Holdings
• Stuart Miller
• Lennar Corporation
• James D. Taiclet
• Lockheed Martin Corporation
• Mark Trudeau
• Mallinckrodt Pharmaceuticals
• Lee M. Tillman
• Marathon Oil Corporation
• Michael J. Hennigan
• Arne Sorenson
• Marriott International
• Roger Crandall
• MassMutual
• Ajay Banga
• Mastercard
• Ynon Kreiz
• Mattel
• Lawrence Kurzius
• McCormick & Company
• Brian Tyler
• McKesson Corporation
• Kevin Sneader
• McKinsey & Company
• Geoffery S. Martha
• Medtronic
• Michel Khalaf
• MetLife
• Sanjay Mehrotra
• Micron Technology
• Kenneth D. Moelis
• Moelis & Company
• Raymond McDaniel Jr
• Moody's
• James P. Gorman
• Morgan Stanley
• Greg Brown
• Motorola Solutions
• Adena Friedman
• NASDAQ
• Thomas C. Nelson
• National Gypsum Company
• Ted Mathas
• New York Life Insurance
• James L. Robo
• NextEra Energy
• David Stover
• Noble Energy
• Kathy Warden
• Northrop Grumman
• Steve Fisher
• Novelis
• Mauricio Gutierrez
• NRG Energy
• Safra A. Catz
• Oracle
• Brian Chambers
• Owens Corning
• Dan Shulman
• PayPal
• Ramon Laguarta
• PepsiCo
• Albert Bourla
• Pfizer
• Greg C. Garland
• Phillips 66
• Marc B. Lautenbach
• Pitney Bowes Inc.
• Robert E. Moritz
• PricewaterhouseCoopers
• Daniel J. Houston
• David S. Taylor
• Procter & Gamble
• Tricia Griffith
• Progressive Insurance
• Steve Mollenkopf
• Qualcomm Incorporated
• Earl C. Austin
• Quanta Services
• Gregory J. Hayes
• Raytheon
• Blake Moret
• Rockwell Automation
• Douglas L. Peterson
• S&P Global Inc.
• Marc Benioff
• Christian Klein
• SAP
• James Goodnight
• SAS Institute
• Tamara L. Lundgren
• Schnitzer Steel Industries
• Jeffrey W. Martin
• Sempra Energy
• Egon Durban
• Silver Lake Partners
• Stewart Butterfield
• Slack
• Thomas A. Fanning
• Southern Company
• James M. Loree
• Stanley Black & Decker
• Maurice R. Greenberg
• Starr Companies
• Michael L. Tipsord
• State Farm
• James P. Keane
• Steelcase Inc.
• Kevin A. Lobo
• Stryker Corporation
• John F. Fish
• Suffolk Construction Company
• Margaret Keane
• Synchrony
• Brian Cornell
• Target Corporation
• Russell K. Girling
• TC Energy
• LeRoy T. Carlson Jr.
• TDS Inc
• Richard K. Templeton
• Texas Instruments
• Rob Speyer
• Tishman Speyer
• Hal Lawton
• Tractor Supply Co.
• Alan D. Schnitzer
• The Travelers Companies
• Peter J. Davoren
• Turner Construction Company
• Lance M. Fritz
• Union Pacific Corporation
• Scott Kirby
• United Airlines
• Carol Tomé
• UPS
• Wayne Peacock
• USAA
• Mortimer J. Buckley
• Vanguard
• Scott G. Stephenson
• Verisk Analytics
• Hans Vestberg
• Verizon Communications
• Alfred F. Kelly Jr.
• Visa
• Robert F. Smith
• Vista Equity Partners
• Curtis A. Morgan
• Vistra Corp.
• Stefano Pessina
• Walgreens Boots Alliance
• Doug McMillon
• Walmart
• harles Scharf
• Wells Fargo & Company
• John J. Engel
• WESCO International
• John F. Barrett
• Western & Southern Financial Group
• Hikmet Ersek
• Western Union
• Wipro Limited
• Aneel Bhusri
• Workday
• Michael J. Kasbar
• World Fuel Services Corporation
• James P. Kavanaugh
• World Wide Technology
• John Visentin
• Xerox Corporation
• Bradley S. Jacobs
• XPO Logistics
• Patrick K. Decker
• Xylem Inc
• Anders Gustafsson
• Zebra Technologies
• Kristin Peck
• Zoetis
• Charles Prince

The Business Roundtable is an United States association of chief executive officers of leading corporations working to shape public policy in their interest. These CEO members lead companies with more than 15 million employees and more than $7 trillion in annual revenue.[1]

In 2010, the Washington Post characterized the group as President Obama's "closest ally in the business community."[2]

On August 19, 2019, the group updated its decades-old definition of the purpose of a corporation, doing away with its bedrock principle that shareholder interests must be placed above all else. The statement, signed by nearly 200 chief executive officers from major U.S. corporations, makes a "fundamental commitment to all of our stakeholders," including customers, employees, suppliers and local communities.[3] This seems to dovetail with the World Economic Forum and its planned 2021 corporate coup d'etat the The Great Reset.

History

The Business Roundtable was founded in 1972 by John Harper, CEO of the Alcoa Group, and Fred Borch, CEO of General Electric, who were concerned about growing public hostility to large corporations and the development of federal labor regulations and on unions in an increasingly competitive international market.

Mission

The aim of the forum is based on the conviction that the economic sector should play an active and effective role in the formation of public order.

The forum is working for deregulation and reduction of government intervention through laws, except where it is in their interest, for reduced corporate taxes and for more voluntary agreements for industry. The Business Roundtable also pushed the Multilateral Agreement on Investments (MAI) and supported the North American Free Trade Agreement (NAFTA) and the The Free Trade Area of the Americas (FTAA) and lobbyed for example for British Petroleum, Coca-Cola, Deutsche Bank, ExxonMobil, General Motors, Monsanto, Nike, Procter & Gamble and Shell. In 2007, the BRT was a co-initiator of the Aspen principles.

The organization's current focus is on taking control over policy on corporate governance, education and the workforce, energy and the environment, health and retirement, immigration, infrastructure, international engagement, regulation, tax and fiscal policy, as well their ideas on technology, the Internet and innovation.

Activities

The Business Roundtable played a key role in defeating an anti-trust bill in 1975 and a Ralph Nader plan for a consumer protection agency in 1977. It also helped dilute the Humphrey-Hawkins Full Employment Act. But the Roundtable's most significant victory was in blocking labor law reform that sought to strengthen labor law to make it more difficult for companies to intimidate workers who wanted to form unions.

In fiscal policy, the Roundtable was responsible for broadening the 1985 tax cuts signed into law by Ronald Reagan, lobbying successfully for sharp reductions in corporate taxes. In trade policy, it argued for opening foreign markets to American trade and investment. The Omnibus Trade Act of 1988 reflected the thinking of the Business Roundtable. In 1990, the Roundtable urged George HW Bush to initiate a free trade agreement with Mexico. In 1993, the Roundtable lobbied for NAFTA and against any strong side agreements on labor and the environment. It provided the money and leadership for the main pro-NAFTA lobby.

The Roundtable also successfully opposed changes in corporate governance that would have made boards of directors and CEOs more accountable to stockholders.

In 1986, the Roundtable convinced the Securities and Exchange Commission to forgo new rules on merger and acquisitions, and in 1993 convinced President Clinton to water down his plan to impose penalties on excessive executive salaries.

The Roundtable's Health, Welfare, and Retirement Income Task Force, chaired by Prudential Insurance CEO Robert C. Winters, cheered President George HW Bush's 1991 health plan, which consisted mainly of subsidies to the health care industry. The nation's health care system works well for the majority of Americans, the Roundtable announced in a June 1991 statement. "We believe the solutions lie not in tearing down the present system, but in building upon it."

The Business Roundtable also acts as a major lobby that aims to extend or maintain administrators' rights/power in large companies. For example, the U.S. Securities and Exchange Commission adopted the so-called "shareholders’ access to proxy" rule, which aimed to empower shareholders in the proposition and nomination of administrators of big corporations. The Business Roundtable was strongly against that rule, as its president John Castellani reported to the Washington Post about removing this rule: "this is our highest priority [...] Literally all of our members have called about this".[4] And they got the upper hand: the SEC rule was finally dropped after intense lobbying and lawsuits.


It is not clear if the members are there in a semi-personal capacity or on behalf of the company, presumably the latter.[5]



 

Related Quotation

PageQuoteAuthorDate
US/Chamber of Commerce“The chamber of commerce is really one of the most powerful lobbies in this country. It’s so powerful you almost never read about it. It’s one of those deep presences that rarely rise to the level of being written about in history.”Peter Dale Scott2 December 2014
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