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A Ponzi Scheme of Promises: Five years after the Business Roundtable 'redefined' the purpose of the corporation, has anything changed?
- Source :
-
American Prospect . Oct2024, Vol. 35 Issue 5, p42-49. 8p. - Publication Year :
- 2024
-
Abstract
- The article focuses on the limited impact of the Business Roundtable's 2019 statement redefining the purpose of corporations, claiming to prioritize stakeholders over shareholders. Topics include the historical context of shareholder primacy, the disparity between corporate promises and actual behaviors during the COVID-19 pandemic, and the skepticism surrounding the sincerity of CEO commitments to stakeholder capitalism.
- Subjects :
- *CORPORATIONS
*STAKEHOLDERS
*SHAREHOLDER primacy
*COVID-19 pandemic
*SKEPTICISM
Subjects
Details
- Language :
- English
- ISSN :
- 10497285
- Volume :
- 35
- Issue :
- 5
- Database :
- Academic Search Index
- Journal :
- American Prospect
- Publication Type :
- Periodical
- Accession number :
- 180162170