Results for - Top U.S CEO's say people should come before profit!
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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., American Airlines, the largest airline in the world; and JPMorgan Chase & Co., the biggest American bank.
Although largely symbolic, the group’s statement goes against a roughly 30-year viewpoint that corporations exist to serve shareholders.
1. "The American dream is alive, but fraying," Dimon said in a statement. "Major employers are investing in their workers and communities because they know it is the only way to be successful over the long term." Do you agree/disagree with this statement?
2. In your opinion, corporations think more about...: (Select all that apply.)
3. "It is government, not companies, that should shoulder the responsibility of defining and addressing societal objectives with limited or no connection to long-term shareholder value," the Council said. Do you think that it is corporations should be responsible in helping with social welfare activities?
4. Do you think that the big companies should re-distribute their profits with local communities as part of their Corporate Social Responsibility?