Reactions to the BRT’s New “Stakeholder” Statement

This week Business Roundtable CEOs signed a statement committing vaguely to no longer making shareholder value their primary goal, and we expressed some skepticism and concerns. Some other reactions: Jay Coen Gilbert, Andrew Kassoy, and Bart Houlahan, founders of the B Corporation movement wrote in Fast Company: Ensuring that our capitalist system is designed to…

CEOs Adopt “Stakeholder” Goals: Business Roundtable

A new statement from the Business Roundtable commits to stakeholder interests instead of making the primary purpose of the company shareholder value. We have some concerns.  And a strong sense of deja vu. The last time the BRT was excited about stakeholders it was during the era of hostile takeovers, and a feint to the…