pay inequity Archives - Activate World

Purpose of a corporation – PR or needed change?

The Business Roundtable, a lobbying group made up of the nation’s leading CEOs, recently announced they are the changing the definition of the “purpose of a corporation.”  Rather than focusing solely on delivering value for shareholders, the new edict is that a corporation’s actions benefit all stakeholders, including shareholders, as well as its employees, suppliers, customers, and communities.  Lunchtime Conversations:  In 1970 Milton Friedman wrote, “The discussions of the…