August 19, 2021, Opinion: "Corporate leaders have been busy presenting themselves as guardians of the interests of “stakeholders,” such as customers, employees, suppliers and communities as well as shareholders. Our recent research, however, casts serious doubt on whether corporations are matching the talk with action. Aug. 19 marks the second anniversary of the Business Roundtable’s Statement on the Purpose of a Corporation. Signed by the CEOs of many major U.S. companies, the statement committed them to deliver value to all stakeholders, not only shareholders."
Non-HKS Author Website - Lucian Bebchuk