LTP News Sharing:

NEW YORK (Reuters) – Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday. The group’s “statement of corporate purpose” was signed by the heads of more than 180 U.S. companies, including the CEOs of Amazon.com Inc (AMZN.O), American Airlines (AAL.O), the largest airline in the world; and JPMorgan Chase & Co (JPM.N), the biggest American bank. Although largely symbolic, the group’s statement goes against a roughly 30-year viewpoint that corporations exist to serve shareholders. That notion has guided every major business decision, from how much a CEO is…

Go to Source
Author: