Briefing

Top CEOs say shareholder value is no longer their main priority

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The Business Roundtable, comprised of chief executives from nearly 200 U.S. companies, repealed its commitment to “shareholder primacy.” A statement signed by 181 CEOs—including Jamie Dimon of JPMorgan Chase, Tim Cook of Apple and Jeff Bezos of Amazon—states the “purpose of a corporation” is to service all of its stakeholders, giving equal weight to employees, customers, society at large and investors. (The Logic)

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