Milton Friedman and his peers set America on the course of shareholder primacy. Business leaders and academics are considering what must be done for a stakeholder-driven alternative.
Arguments in support of shareholder primacy and against stakeholder capitalism are out of sync with the voice of the American public, institutional investors, shareholders, and corporations themselves.
We analyze how the BRT purpose statement signatories measure up to Americans’ expectations, and compare to other Russell 1000 companies.
Timed with the one-year anniversary of the Business Roundtable’s landmark redefinition of corporate purpose, we asked the public how they believe companies are doing in shifting from a myopic focus on shareholders to better serving the needs of all stakeholders.
64% of Business Roundtable signatories released statements standing in solidarity with their Black and Brown colleagues and communities over the past few months. But how are they actually performing on key racial equity actions?
How will businesses continue to support their workers and customers after restrictions are lifted?
BRT companies are more likely to offer paid parental leave, although they provide fewer weeks of leave compared to their peers.
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