That didn't take long. From columnist hiltzikm:
It was clear almost from the first that the California Supreme Court, in a ruling in April 2018, threw the business models of Uber and Lyft companies for a loop.
“There’s ample evidence that sound corporate responsibility is directly connected to shareholder responsibility,” says Stanley Litow, author of the 2018 book, “: From Risk to Reward” and an expert on corporate social responsibility at Columbia and Duke. “Do shareholders want to be at risk in terms of waiting for regulators to hurt them” for their company’s wrongdoing?
Litow described the Business Roundtable statement as “a good first step, because it comes from the business community.” But he notes that the incentives governing corporate behavior today are almost exclusively negative — regulatory enforcement or even prosecution for bad acts.“What if the government provided more recognition for the best corporate behavior,” he asks — much as Los Angeles and other cities allow restaurants to post “A” grades for cleanliness in their windows.
But since it did specifically mention the corporation’s duty to provide “important benefits,” it’s fair to give Whole Foods an “F” for its recent initiative. Health coverage is unquestionably an important benefit, and employer coverage is generally cheaper and better than the health plans individuals can find on the open market.
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