29-08-2019 08:00 via theguardian.com

Can we trust CEOs' shock conversion to corporate benevolence?

An apparent move by big business to maximise stakeholder value sounds too good to be trueFor four decades, the prevailing doctrine in the US has been that corporations should maximise shareholder value – meaning profits and share prices – here and now, come what may, regardless of the consequences to workers, customers, suppliers and communities. So the statement endorsing stakeholder capitalism, signed earlier this month by virtually all the members of the US Business Roundtable, ha
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