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Photo: Olivier Douilery/AFP via Getty Images

Nick Merrill and Dan Schwerin, co-founders of Evergreen Strategy Group, write in Fast Company that if Joe Biden wins, "expectations for what it takes to be a values-driven company will increase."

The state of play: "Without the foil of President Trump, ... CEOs will have to back specific policy proposals, build coalitions, and put real political muscle behind their principles."

Merrill and Schwerin, who were top Hillary Clinton aides, have these lessons for the next phase of "stakeholder capitalism":

  1. "If Biden replaces Trump, there will be fewer easy chances to express outrage and more hard choices to make about specific policies and legislation that could become law."
  2. "CEOs who want to be seen as leaders will have to use their market power — not just their voice — to drive systemic change."
  3. "There’s going to be more scrutiny of companies when their campaign contributions and lobbying budgets contradict their stated values."

The bottom line: "Companies doubling down on their values right now are proving more resilient in the current crisis, just as they did in the last recession."

Go deeper: CEOs are America's new politicians

Go deeper

Hillary Clinton rips GOP senators: They seem like they've had a "lobotomy"

Hillary Clinton criticized her former Republican colleagues for their responses to the explosive findings in the Senate Intelligence Committee's report on 2016 Russian interference, accusing them of giving up "their principles, their values, their backbone" to follow President Trump.

Why it matters: The fifth and final volume of the committee's report released this week went further than the Mueller report in showing the extent of Russia's connections to members of the Trump campaign. But the reactions to the findings were starkly divided along partisan lines, with Republicans claiming that the report puts an end to any claims of Trump campaign "collusion" with Russia in 2016.

2 mins ago - Politics & Policy

Congressional Hispanics want Lujan Grisham at HHS

Michelle Lujan Grisham arriving on Capitol Hill. Photo: Tom Williams/CQ Roll Call

Hispanic lawmakers are openly lobbying to have New Mexico Governor Michelle Lujan Grisham be named Health and Human Services secretary, according to a letter obtained by Axios.

Why it matters: These members are now following the example some Black lawmakers have used for weeks: trying to convince Joe Biden his political interests will be served by rewarding certain demographic groups with Cabinet picks.

3 hours ago - World

Map: A look at world population density in 3D

This fascinating map is made by Alasdair Rae of Sheffield, England, a former professor of urban studies who is the founder of Automatic Knowledge. It shows world population density in 3D.

Details: "No land is shown on the map, only the locations where people actually live. ... The higher the spike, the more people live in an area. Where there are no spikes, there are no people (e.g. you can clearly identify ... the Sahara Desert)."