I HAVE SAID IT BEFORE, AND I WILL SAY IT AGAIN: BUSINESSES DO NOT EXIST TO SERVE ANY “STAKEHOLDERS” OTHER THAN THEIR SHAREHOLDERS
Business corporations exist to create value for their owners by delivering goods and services. Period. I don’t care what some group of CEOs says to the contrary.
If those CEOs direct their corporations to serve the interests of parties other than the shareholders of their corporations, the market will respond negatively, and those CEOs will deserve to lose their jobs.
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