“A force for good.” That is the new guiding principle at insurance company Allstate CEO Tom Wilson would like to see the day when more companies—big and small—embrace the notion that American businesses need to better serve the needs of society. He believes it’s time for businesses to step up and find solutions to critical issues facing the United States.
Wilson was one of 100 CEOs who attended Fortune’s first ever CEO Initiative to talk about how businesses can do a better job of being a force for good. “Businesses are doing good each and every day in the world,” Wilson tells Fortune. “That said, we can do more and I think we need to do more.”
One company leading the way is JPMorgan Chase. The bank’s CEO, Jamie Dimon, has committed $250 million a year to rebuild Detroit and other struggling communities.
Dimon says, “I’ve always believed that businesses collaborating with government, civil leaders, can come up with solutions whether it’s about infrastructure, jobs, education, the tax system. You know, things that help drive America for everybody.”
Watch the video above to hear what other business leaders said on the topic.