According to the Business Roundtable group, Corporate America is responsible for providing economic benefits to all, not just its investors.
The leaders 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, signed the group's statement of corporate purpose.
The group's statement goes against a roughly 30-year viewpoint that corporations exist to serve shareholders.
The statement aims for greater corporate responsibility from Democratic candidates for president and employee activists who want companies to take a stand on issues outside of the corporate domain. Read the Entire Article
A customized collection of grant news from foundations and the federal government from around the Web.
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.