CEOs of 181 American companies, known together as the Business Roundtable, pledged to put social responsibility above profit
Although largely symbolic, the group’s statement goes against a roughly 30-year viewpoint that corporations exist to serve shareholders.
The chairman of the Business Roundtable, JPMorgan CEO Jamie Dimon, said there is a growing wealth gap in the United States, and prioritizing all stakeholders will lead to a healthier economy. The group’s statement could be significant because the previous tenet - shareholder primacy - fueled a range of decisions now commonplace at publicly traded companies, said Barbara Dyer, an MIT Sloan School of Management professor.
Maura Cowley, a director with the Sierra Club Resist campaign, said the statement lacks substance because some of the companies that signed it are “actively making the climate crisis worse.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Top CEOs say companies should put social responsibility above profitCompanies should focus on social responsibilities as well as profits, the Busine...
Leer más »
Nearly 200 CEOs Say Shareholder Profit Isn’t EverythingBusiness leaders including Jamie Dimon of JPMorgan Chase and Amazon CEO Jeff Bezos signed the pledge.
Leer más »
Trump called the CEOs of the biggest US banks on Wednesday as the stock market plungedPresident Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.
Leer más »
Trump held call with big bank CEOs during Wednesday market plunge: reportPresident Donald Trump held a conference call Wednesday with top executives of three major Wall Street banks as the stock market plunged and the bond market...
Leer más »
The CEOs of nearly 200 companies just said shareholder value is no longer their main objectiveThe Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the 'purpose of a corporation.'
Leer más »
Nearly 200 CEOs Say Shareholder Value Isn’t EverythingNearly 200 CEOs at some of America’s largest and most prominent companies have issued a statement saying that corporations should no longer value shareholder profit above all by rachsandl
Leer más »