Originally Posted by
mispoken
CNBC summary of the CEOs’ statement:
“The re-imagined idea of a corporation drops the age-old notion that corporations function first and foremost to serve their shareholders and maximize profits.
Investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals.”
Nothing new here. Prudent managers have always known that doing the latter is the best long-term way to achieve the former. These CEOs want readers to believe that they have just discovered Wisdom and Ethics.
