Billionaire Oprah Winfrey, Actor Dwayne Johnson Launch $10 Million Maui Relief Fund | CEOs can't succeed if U.S. politics are broken | 176 World Leaders and Nobel Laureates Urge Bangladesh to Halt Legal Cases Against Peace Prize Winner

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Don't like ads? Go ad-free with TradeBriefs Premium Billionaire Oprah Winfrey, Actor Dwayne Johnson Launch $10 Million Maui Relief Fund - Forbes    Oprah Winfrey and Dwayne Johnson launched the People’s Fund of Maui to provide direct financial assistance to Maui residents impacted by raging wildfires earlier this month that killed up to 115 people, the latest celebrities to make donations after some, including Winfrey, faced criticism for a cautious response to aiding Maui after the fires. Maui residents whose homes were destroyed during the wildfires that blazed earlier this month can ... [+] now apply for up to $1,200 in monthly assistance in a fund launched by Oprah Winfrey and Dwayne Johnson. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) Winfrey, who owns over 2,000 acres in Maui, and Johnson, who has a Somoan mother, created the People’s Fund of Maui to “put money directly in the hands of the people that need it right now,” Winfrey shared on an Instagram reel. Continued here CEOs can't succeed if U.S. politics are broken - Fortune    Good morning.I’ve saved the question on U.S. politics (see Five Questions here) for last. I know some CEO Daily readers would prefer I avoid it altogether. Today, business has no home in either political party. The Republican right has declared war on “woke” corporations that adopt the kinds of climate and diversity policies that have become table stakes in today’s talent-driven business world—witness the woes of Disney, AB Inbev, and Target. Meanwhile, the Democratic left has turned away from business, deeming profits as dirty and favoring regulation to excess. No wonder most CEOs prefer to stay out. But politics and its byproducts can’t be ignored any more than technology or geopolitics or climate change. Harvard’s Michael Porter was right six years ago when he wrote in Fortune that a dysfunctional political system is the single biggest threat to U.S. competitiveness. In the long run, companies can’t thrive in a country whose politics are broken. So how to engage? Well first, encourage employees to participate and vote. Second, support politicians in the center; they need it. Any business leader who cares about the future of capitalism these days should be a raging centrist. Third, consider backing non-partisan efforts to empower the majority—like the “final five” voting used in the last election in Alaska. Most importantly, do the hard work in advance to define your company’s values—the things you are willing to stand up and fight for. If there’s one clear lesson from the problems that pummeled Disney and AB Inbev, it’s that vacillation is the worst solution. With a bruising political year ahead, companies need to know in advance where they are willing to make a stand. If you wait until the crisis comes, it’s too late. I’m sure some readers will ask about the “No Labels” campaign to run a third-party candidate for president. On that effort, I’m inclined to agree with Bill Galston, who helped found No Labels but has since left in disagreement with the group’s plans to run a third-party candidate. The odds such an effort can succeed are minimal; the odds that it throws the election to the passionate minority are not. Continued here 176 World Leaders and Nobel Laureates Urge Bangladesh to Halt Legal Cases Against Peace Prize Winner -     Muhammad Yunus, who pioneered the use of microcredit to help the poor, is being tried on charges of corruption and violating labor laws. Nobel Laureate Muhammad Yunus, founder-manager of the Grameen Bank, Bangladesh, at the Annual Meeting of the World Economic Forum in Davos, Switzerland, January 29, 2009. More than 170 global leaders and Nobel laureates have urged Bangladesh’s prime minister to suspend legal proceedings against Muhammad Yunus, who was awarded the Nobel Peace Prize in 2006 for pioneering the use of microcredit to help impoverished people. Continued here

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