Five Years Later, the Business Roundtable’s Push Toward Wokeness Starts to Crumble

This August marks the fifth anniversary of the Business Roundtable’s redefinition of the purpose of a corporation to serve “stakeholders” shifting American businesses leftward, and diluting the lifeblood of successful enterprises — making products that people want to buy, ensuring those products are of high quality, earning a profit, and delivering robust shareholder return.

Cameron also noted that five years ago, the Business Roundtable, which he said serves as an organization of the CEOs of the largest corporations, decided to redefine the purpose of a corporation away from its profit-motive and toward serving leftist stakeholders such as Black Lives Matter. The 1792 Exchange CEO also noted that Larry Fink, the CEO of BlackRock, the world’s largest asset management company, wanted to destroy the fossil fuel industry by within the next couple of decades.

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The Business Roundtable’s Stakeholder Pledge, Five Years LaterFive years ago, the Business Roundtable issued a statement pledging to “lead their companies for the benefit of all stakeholders.
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