Business leaders including Jamie Dimon of JPMorgan Chase and Amazon CEO Jeff Bezos signed the pledge.
criticism for driving stark inequality in the U.S., nearly 200 CEOs at some of America’s largest and most prominent companies have issued a statement saying that corporations should no longer value shareholder profit above all—a fundamental change to what the purpose of a corporation is and how companies should go about corporate governance.
The pledge was signed by a group of 181 CEOs from the Business Roundtable, a public policy organization made up of a coalition of CEOs, including the chief executives of Amazon, Walmart, JPMorgan Chase and Apple. The statement didn’t list any specific policy changes but instead laid out high-level goals, such as considering customers, the environment, employees, suppliers and the community at-large.
This is the first time since 1997 the Business Roundtable has said that corporations shouldn’t exist solely to serve shareholders.the purpose of the new statement is to modernize the role of corporations. “Americans are struggling. Too often hard work is not rewarded, and not enough is being done for workers to adjust to the rapid pace of change in the economy,” the statement reads.
United States Latest News, 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.'
Read more »
Over 200 Celebrities and Public Figures Signed an Open Letter to the Latinx Community'We will continue to denounce any hateful and inhumane treatment of our community. We will demand dignity and justice.'
Read more »
Nearly 80% Of Employees Say This One Thing Is More Stressful Than Having Too Much WorkDiscover the single greatest source of stress in the workplace. What do you think it is?
Read more »
Nearly 4 tons of weed was discovered inside a shipment of jalapeñosA shipment of jalapeños from Mexico to the US proved to be carrying more than just a spicy kick when Border Patrol agents found nearly 4 tons of marijuana hidden in the cargo.
Read more »
Two Years Later, Hillary Allen Conquers Race That Nearly Killed HerOne of the spots on their prerace list was the ridge hillygoatclimbs fell from. After staring down the place she had thought about for two years, she felt ready to conquer the race.
Read more »
Slipknot Ties Up Third No. 1 Album on Billboard 200 Chart With 'We Are Not Your Kind'Slipknot scores its third No. 1 album on the Billboard 200 chart, as the rock band’s 'We Are Not Your Kind' bows in the top slot. Meanwhile, Rick Ross and Trippie Redd bow at Nos. 2 and 3, respectively.
Read more »