Top CEOs stand by Business Roundtable shift to serve ‘all of our stakeholders’

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 56 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 63%

Business Roundtable News

Joshua Bolten,Getty Images,Chuck Robbins

The Business Roundtable, a powerful association of more than 200 CEOs, is not backing down from a 2019 statement that a company should act in the interest of...

Some of America’s most influential CEOs aren’t backing down from their assertion that a company’s purpose is to serve "all of our stakeholders," re-affirming a major philosophical shift that jolted the business world five years ago.That statement argued that companies should not just act in the interest of their shareholders but instead in the long-term interests of "all of our stakeholders" — including customers, employees and larger society.

It was misinterpreted by the ideological left and right to mean that companies had decided to commit resources to solving every societal ill, he added."I think, properly interpreted, the statement was an endorsement of support for the long-term shareholder, but perhaps not the short-term shareholder. Maybe not the hedge fund that dives in to take advantage of quarterly earnings."

"They always look out for me and my health," Sandler told PEOPLE at the New York City premiere of 'Adam Sandler: Love You' on Aug. 20Aoris Investment Management, a specialist international equity manager, released its “Aoris International Fund” Q2 2024 investor letter. A copy of the letter can be downloaded here. In the quarter, Portfolio’s Class A returned -2.9% compared to 0.5% return for the MSCI AC World Accum Index ex-Australia . The fund’s Class C returned -1.

Emmerdale's Aaron Dingle and John Sugden give into temptation again next week as a heated argument turns into passion.So Long, London: Taylor Swift makes Wembley history at last UK show on tour

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump, Musk interview: Top business takeawaysFormer President Donald Trump joined X.com owner and Tesla CEO Elon Musk on Monday night after what Musk claimed was a 'massive DDOS attack' on the platform ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Alphabet beats analysts' expectations on top and bottom line as cloud business picks up steamAlphabet announced better-than-anticipated earnings and revenue for the second quarter, as its Google Cloud business continues to pick up steam.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »