Why Are Corporations Backing Marriage Equality? It’s a Business Issue

Written by scott on March 4th, 2013

Goldman Sachs LogoThe The New York Times has a great piece on why so many corporations are backing marriage equality. Spoiler alert – it’s good for business:

“I wouldn’t normally speak out on something like this,” Mr. Blankfein told me. “People are only interested in what I have to say because of my position at Goldman Sachs, and I don’t believe it’s appropriate for me to express my personal views as being those of the firm. But in this case, this is a business issue. We’re a people business. They’re the single most important thing to us. We have a very important gay community at the firm, including members of senior management and people on the management committee. We want to treat our people fairly and equally. This happens to coincide with my personal views, but that’s not why we’re doing this.”

But it’s only in the last few years that businesses have realized how much they stand to gain by embracing marriage equality:

Still, even a few years ago, such support would have seemed unthinkable. After Mr. Blankfein appeared in the Human Rights Campaign video, Goldman Sachs lost at least one client, a large institution with religious ties. Mr. Blankfein became the go-to chief executive on the issue, speaking at events and on panels, traveling to Minnesota last summer in advance of that state’s vote on a constitutional amendment to ban same-sex marriage.

And, interestingly:

…as of Thursday’s deadline, no businesses had filed a brief opposing gay marriage or trying to counter the business arguments put forward in the corporate briefs.

It’s a great article – read the whole thing here:


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