Top CEOs Redefine the Purpose of a Corporation
This week, Business Roundtable, a coalition of hundreds of the U.S.’ major CEOs, issued a statement redefining the “Purpose of a Corporation.” 181 CEOs, including Jeff Bezos, Tim Cook, Jamie Dimon, signed on to the statement, which updates language to make shareholder value no longer the prime target for a corporation’s existence. In summation, the 2019 version says that corporations need to commit to “…delivering value to our customers… investing in our employees… dealing fairly and ethically with our suppliers… supporting the communities in which we work… [and] generating long-term value for shareholders.”
On this snippet from Business Casual, MarketScale’s B2B morning radio show, hosts Daniel Litwin and Ben Thomas offer differing perspectives on the impact of this language change, how effective it will really be, and whether or not it was a wise move.
Tune in to Business Casual, MarketScale’s live radio broadcast, every Wednesday and Friday at 8 a.m. CST.
For the latest news, videos, and podcasts in the AEC Industry, be sure to subscribe to our industry publication.
Follow us on social media for the latest updates in B2B!
Twitter – @AECMKSL
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale
Latest
Closing the Loop: Our Sustainable Commitment to Circular Economy
This video focuses on EcoLOK4, a groundbreaking product by CONTROLTEK that exemplifies innovation in sustainability. It highlights the process of transforming landfill waste into new deposit bags, with 90% of each bag’s material being repurposed trash. This initiative not only reduces waste but also closes the sustainability loop, demonstrating CONTROLTEK’s commitment to environmentally friendly […]
Contract Life Cycle Management is Coming Out on Top, as Healthcare Providers Increasingly Rely on the Tool
The healthcare industry is undergoing a significant transformation, driven by the need to improve patient experiences, access, and outcomes. Amidst this shift, contract lifecycle management (CLM) is emerging as a critical tool for healthcare providers. With the increasing pressure on cost management and compliance, healthcare organizations are seeking solutions that streamline operations and enhance […]
Creativity in the Classroom Starts With Embracing Positive Tools and Attitudes
Fostering creativity in the classroom has become increasingly significant, specifically in a time where standardized testing often reigns supreme. Some experts in the education field maintain that while hard skills like math and reading are essential, the intangible qualities of kindness, empathy, and curiosity can have profound impacts on a student’s overall development. In […]