Bailing Out of the Chamber: Are Apple and Nike Smart or Shortsighted?

The Wall Street Journal edit page has leapt to the defense of the Chamber of Commerce, rattled in recent days by the high-profile defections of a few big companies at odds with the Chamber’s stance on climate change.

The thrust of today’s editorial, which centers on the recent departures of Apple (AAPL) (from the Chamber) and Nike (NKE) (from the Chamber’s Board of Directors), boils down to a single premise: “Apple and Nike are putting green political correctness above the long-term interests of their own shareholders.”

Really?

The WSJ argues that both companies will suffer in the long run by bailing out of the Chamber now. By staying in, they could help fight against any legislation that would unduly raise the cost of doing business, in addition to counting on the Chamber’s help on other issues in the future.

Read the rest of this post on the original site

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »