181 CEOs of public companies, including Apple, JPMorgan Chase, and Walmart, have declared a company's purpose is to serve more than just shareholders

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

CEOs in the Business Roundtable have agreed that a public company exists to serve all stakeholders, including customers, employees, and shareholders.

The Business Roundtable, an association of CEOs of many of America's largest companies, announced Monday in a statement that it now views the purpose of a company to be not just for shareholders, but for all stakeholders — like customers, employees, and communities. Among the 181 signatories are the CEOs of Amazon, Apple, BlackRock, IBM, JPMorgan Chase, and Walmart. This article is part of Business Insider's ongoing series on Better Capitalism. Visit BusinessInsider.com for more stories.

The Business Roundtable, an association of CEOs of many of America's largest companies, announced Monday in a statement that it now views the purpose of a company to be not just for shareholders, but for all stakeholders — like customers, employees, and communities. Among the 181 signatories are the CEOs of Amazon, Apple, BlackRock, IBM, JPMorgan Chase, and Walmart. This article is part of Business Insider's ongoing series on Better Capitalism. Visit BusinessInsider.com for more stories.

 

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:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

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

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.' All well and good until the money stops flowing. Principles will suddenly change back to investor focused. Fire them It never was, it has only been their own value that is the main objective. They are just finally admitting it publicly. If that has not been the case explain their pay and all their cronies on the boards approving their pay and golden parachutes. AmericanGreed
Source: CNBC - 🏆 12. / 72 Read more »

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... Next week expect FED and all these Bankers to take turns jawboning about 'strong' US Economy Promise more ratecuts issue buy recommendations and persuading investors to become bagholders Cutting rates only proves our Economy is on life support heading towards Recession
Source: MarketWatch - 🏆 3. / 97 Read more »

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. Did they all conclude he was the problem? If not, I don’t think they’re qualified for the job. 9 Wall Street Execs Who Cashed In on the Crisis. Meet the moguls who made out like bandits. (NO JAIL TIME) BIG FAT BONUSES.!! 2008.!! TAX CUTS TO THE RICH DON'T WORK!! WHEN YOU DON'T PUT THESE SOB'S IN JAIL YOU GET MORE OF THE SAME.!! It's a shame realDonaldTrump hasn't had to have the Fed print money to keep the stock market propped up like Obama did for 8 years. DemsRGhettoPimps
Source: CNBC - 🏆 12. / 72 Read more »

Top CEOs say companies should put social responsibility above profitCompanies should focus on social responsibilities as well as profits, the Busine... Cue the brigade of angry old wingnuts to come forth with furious denunciations while intoning mightily abut duties to maximize prices and profits. Considering CEO's pay is 278% higher than average workers, maybe they can work on their greed factor. Did Bernays tell you to say that?
Source: Reuters - 🏆 2. / 97 Read more »

Harvard researchers followed 27 CEOs of billion-dollar companies around the clock for 3 months. They all used the same 6 time management tricks.Harvard researchers followed 27 CEOs of billion-dollar companies around the clock for 3 months. They all used the same 6 time management tricks. (via inc) Inc Valla benim dayılarımdan biri tr’nin en eski ceo’su.. 35 yildir ceo.. zaten 60 yildir bu ülkedeyiz.. mezarini bile aldi, yaptirdi, ağaçlar ekti.. arada çay içmeye mezarlarina gidiyorlar kari koca.. aşırı planlamadan ölemese de manzara güzel.. :)) Inc Such an interesting article. We really do need to put more emphasis on preparation, meaningful communication, and time management as managers, rather than reaching for constant email updates throughout the day. teammanagement timemanagement
Source: BusinessInsider - 🏆 729. / 51 Read more »