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.
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