business roundtable

A Corporate Evolution: From Shareholder to Stakeholders The Rise and Fall of Shareholder Primacy – Customers, Employees, and Shareholders: Whose Voice Matters Most?

When my business school professor told the class, “The purpose of business is to maximize profit for shareholders,” I had little reason to doubt his expertise. As it turns out, he was wrong. After three decades of focusing on driving shareholder return, a coalition of America’s most powerful CEOs.