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    Michael Hiltzik: Jeff Bezos becomes the first CEO to break his pledge to dump the 'shareholder value' model

    by Michael Hiltzik, Los Angeles Times Sep 17, 2019 4 minutes

    The most important question left by the recent pledge by nearly 200 major corporations to place their workers, customers, suppliers and communities ahead of their shareholders was: How will we know that the companies are adhering to the pledge?

    Jeff Bezos, a signatory to the statement issued Aug. 19 by the Business Roundtable, and chief executive of Amazon and its subsidiary Whole Foods, has shown how we'll know when companies are reneging. One signal would be cutting benefits for part-time employees. That's exactly what Whole Foods just did.

    As Business Insider first reported, Whole Foods has told employees working between 20 and 30 hours per week that they'll lose access to the company health plan as of Jan. 1. Some

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