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America’s CEOs Seek a New Purpose for the Corporation
Article

America’s CEOs Seek a New Purpose for the Corporation

Fortune, 2019

автоматическое преобразование текста в аудио
автоматическое преобразование текста в аудио

Editorial Rating

8

Qualities

  • Bold
  • Hot Topic
  • Engaging

Recommendation

Putting the needs of shareholders above all else has been the leading aim of the US corporation for decades. The Business Roundtable, an influential association of the top bosses of America’s most noteworthy firms, is seeking to alter that singular focus. Alan Murray, head of Fortune magazine, pens a succinct yet wide-ranging look at what is prompting these executives to rethink capitalism’s mission, at a time in which employees, customers, suppliers and voters are demanding greater accountability from their leaders. Readers could regard this insightful analysis as a manifesto for corporate change.

Take-Aways

  • Serving the interests of its shareholders has long been the American corporation’s sole pursuit.
  • The 2008 financial crisis set in motion a social upheaval that has prodded CEOs to reconsider the primary goal of capitalism. 
  • The new face of capitalism acknowledges the corporation’s role as a steward of social responsibility and consumer focus, as well as of long-term shareholder value.
     

About the Author

Alan Murray is president and CEO of Fortune magazine.


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