Professors Michael Toffel, of Harvard Business School, and Aaron Chatterji, of Duke’s Fuqua School of Business, discuss the emerging phenomenon of CEO activism. They explain how political polarization in the U.S. and employee expectations around company values are pushing corporate leaders to enter into controversial political and social debates. Toffel and Chatterji are the coauthors of the HBR article “Divided We Lead.” We also hear from PayPal CEO Dan Schulman, who talks about standing up for transgender rights and what he tells other CEOs who ask his advice on taking on an activist role.