Stakeholder Capitalism Gets a Report Card. It’s Not Good. – The New York Times
The Business Roundtable presents its mission statement as a reflection of the belief that C.E.O.s face extraordinary pressures to protect workers, the environment and community interests or suffer punishment in the marketplace.
It was not a demotion of the long-term shareholders, because, in our view, the interests of all the stakeholders align in the long-run success of the enterprise, said the president of the Business Roundtable, Joshua Bolten. But it is a rejection of short-term shareholder…
