2019-10-23 15:39:00 Wed ET
technology social safety nets education infrastructure health insurance health care medical care medication vaccine social security pension deposit insurance
American CEOs of about 200 corporations issue a joint statement in support of stakeholder value maximization. The Business Roundtable offers this statement of corporate purpose in 300 words. The first 250 words focus on stakeholder value maximization before the statement mentions shareholder wealth maximization. In accordance with this joint statement, the main purpose of a corporation should be investing in both the welfare and productivity of employees, delivering key value to customers, and dealing ethically with suppliers. Also, it is practically important for U.S. corporations to promote better diversity and inclusion in the workplace. These corporations should further support social communities in America. Moreover, the corporations should help protect the environment amid substantial economic policy uncertainty, climate change, and environmental degradation.
This landmark U.S. CEO statement represents an important change in business purpose away from the prior thesis of Nobel Laureate Milton Friedman in support of solo shareholder wealth maximization. This latter emphasis reveals drawbacks and impediments to long-term sustainable business development and corporate social responsibility. In a nutshell, it is essential for U.S. corporations to serve in the best interests of employees, customers, suppliers, regulators, and other major stakeholders before these corporations disgorge cash returns to shareholders.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-11-07 08:30:00 Wednesday ET
PwC releases a new study of top innovators worldwide as of November 2018. This study assesses the top 1,000 global companies that spend the most on R&D
2023-08-21 12:25:00 Monday ET
Steven Shavell presents his economic analysis of law in terms of the economic outcomes of both legal doctrines and institutions. Steven Shavell (2004)
2019-01-01 03:34:48 Tuesday ET
American allies assist AT&T and Verizon in implementing 5G telecommunication technology in the U.S. as such allies ban the use of HuaWei 5G telecom equi
2018-09-30 14:34:00 Sunday ET
Goldman, JPMorgan, Bank of America, Credit Suisse, Morgan Stanley, and UBS face an antitrust lawsuit. In this lawsuit, a U.S. judge alleges the illegal cons
2023-10-19 08:26:00 Thursday ET
World politics, economics, and new ideas from the Psychology of Money written by Morgan Housel We would like to provide both economic and non-economic th
2019-02-28 20:44:00 Thursday ET
AYA Analytica finbuzz podcast channel on YouTube February 2019 In this podcast, we discuss several topical issues as of February 2019: (1) our proprieta