TOP US CEOS RETHINK THE MEANING OF SHAREHOLDER VALUE
The “shareholder comes first” has for years been the mantra of the Business Roundtable, a group that represents the most powerful CEOs in America and their thinking.
The group’s new principles on the role of a corporation released this week imply a foundational shift, putting shareholders on more equal footing with others who have an interest in a corporation to some degree — including workers, suppliers, customers and, essentially, society at large. “We know that many Americans are struggling. Too often hard work is not rewarded, and not enough is
