in America said they had a fiduciary duty to shareholders. andrew ross sorkinįor as long as I covered the world of business, every C.E.O.
archived recording 2Ī statement signed by almost 200 C.E.O.s, including JPMorgan’s Jamie Dimon, says companies should focus on all stakeholders. įrom the Business Roundtable, 181 of the top C.E.O.s in the country have agreed now that maximizing profits in all situations cannot necessarily be the main goal of corporations. in the morning, the Business Roundtable, which is probably the most powerful and influential lobbying organization for the nation’s biggest companies - think Apple, think Amazon, Walmart, JPMorgan, all of them - came out and said that shareholders were going to be just one piece of a larger puzzle. Andrew Ross Sorkin on what’s driving that change.Īndrew, tell me what happened in your world on Monday morning. Now, America’s most powerful chief executives say it’s time to do things differently. Today: For five decades, American corporations have prized profits for shareholders above all else. michael barbaroįrom The New York Times, I’m Michael Barbaro. Transcript Listen to ‘The Daily’: What American C.E.O.s Are Worried About Hosted by Michael Barbaro, produced by Alexandra Leigh Young, Eric Krupke and Paige Cowett, and edited by Lisa Tobin and Marc Georges Nearly 200 executives tried this week to redefine the role of a corporation in society.
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