08-19-2019, 04:11 PM
Wow. I really hope they mean this and it’s not just lip service. It has been a few decades since stock value/shareholders weren’t the priority of corporations. They used to believe in the social contract and including stakeholders, not just shareholders in company planning/decisions.
“Companies should focus on social responsibilities as well as profits, the Business Roundtable, a group of corporate chief executives that includes the head of the largest U.S. bank and the CEO of the world's largest airline, said on Monday.
The statement of corporate purpose, which shifts from shareholder primacy, was signed by the heads of more than 180 U.S. companies, including the CEOs of Amazon.com Inc (AMZN.O), American Airlines (AAL.O), the largest airline in the world; and JPMorgan Chase & Co (JPM.N), the biggest American bank.”
https://mobile.reuters.com/article/amp/idUSKCN1V91EK
“Companies should focus on social responsibilities as well as profits, the Business Roundtable, a group of corporate chief executives that includes the head of the largest U.S. bank and the CEO of the world's largest airline, said on Monday.
The statement of corporate purpose, which shifts from shareholder primacy, was signed by the heads of more than 180 U.S. companies, including the CEOs of Amazon.com Inc (AMZN.O), American Airlines (AAL.O), the largest airline in the world; and JPMorgan Chase & Co (JPM.N), the biggest American bank.”
https://mobile.reuters.com/article/amp/idUSKCN1V91EK
