Posted on 08/19/2019 4:48:41 PM PDT by Red in Blue PA
NEW YORK (Reuters) - Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday.
The group’s “statement of corporate purpose” 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.
Although largely symbolic, the group’s statement goes against a roughly 30-year viewpoint that corporations exist to serve shareholders.
That notion has guided every major business decision, from how much a CEO is paid to whether a company invests in its employees or fires them.
The statement comes amid calls for greater corporate responsibility from Democratic candidates for president and employee activists who want companies to take stances on issues outside of the corporate sphere.
(Excerpt) Read more at reuters.com ...
That list is disturbing.
I think that because of Trump’s trade and environmental policies, a good chunk of this is payback.
And employees and retirees will NOT be amused.
I wouldn’t be surprised if all sorts of interesting stories start coming out of the woodwork.
And then some of the CEOs on that list will have some serious splainin’ to do, including to Fedzilla.
I should add the open borders/H1B bunch, too.
Utter nonsense... Sounds more like an attempt to drive the stock market into a permanent decline as unemployment reaches 50-60 percent...
A socialists dream...
“Make a list of the companies in this article and make sure they are not in your portfolio. “
Nah, just assume they are lying.
Name them...!!
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