The CEOs of nearly 200 companies just said shareholder value is no longer their main objective

[OnePercenter]

I thought this bullshit was a tRump tweet.....

The CEOs of nearly 200 companies just said shareholder value is no longer their main objective

 

[Oddball]

IOW, they're putting politics before creating products that people want to buy....At least they're now saying so out loud.

 

[JGalt]

That kinda blows away the Democrat's talking point of "evil scumbag capitalist corporations getting rich off the backs of the proletariat worker class", don't it? Good on them.

Trump has not only changed the political structure of this country, he's changed the way we do business.

• The Business Roundtable, a group of chief executive officers of nearly 200 major U.S. corporations, issues a statement with a new definition of the “purpose of a corporation.”
• The reimagined idea of a corporation drops the age-old notion that they function first and foremost to serve their shareholders and maximize profits.
• Investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals.

 

[Oddball]

That kinda blows away the Democrat's talking point of "evil scumbag capitalist corporations getting rich off the backs of the proletariat worker class", don't it? Good on them.

Trump has not only changed the political structure of this country, he's changed the way we do business.

• The Business Roundtable, a group of chief executive officers of nearly 200 major U.S. corporations, issues a statement with a new definition of the “purpose of a corporation.”
• The reimagined idea of a corporation drops the age-old notion that they function first and foremost to serve their shareholders and maximize profits.
• Investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals.

Except that "dealing ethically with suppliers and supporting outside communities" is meaningless leftoid gibberish....I'm smelling nothing more than a political angle being played here.

 

[OnePercenter]

That kinda blows away the Democrat's talking point of "evil scumbag capitalist corporations getting rich off the backs of the proletariat worker class", don't it? Good on them.

Trump has not only changed the political structure of this country, he's changed the way we do business.

• The Business Roundtable, a group of chief executive officers of nearly 200 major U.S. corporations, issues a statement with a new definition of the “purpose of a corporation.”
• The reimagined idea of a corporation drops the age-old notion that they function first and foremost to serve their shareholders and maximize profits.
• Investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals.

It's all hot air. If they were actually serious they'd drop investor returns from the current 50% of net profit to 15% where is was in the mid 70's.

 

[OnePercenter]

That kinda blows away the Democrat's talking point of "evil scumbag capitalist corporations getting rich off the backs of the proletariat worker class", don't it? Good on them.

Trump has not only changed the political structure of this country, he's changed the way we do business.

• The Business Roundtable, a group of chief executive officers of nearly 200 major U.S. corporations, issues a statement with a new definition of the “purpose of a corporation.”
• The reimagined idea of a corporation drops the age-old notion that they function first and foremost to serve their shareholders and maximize profits.
• Investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals.

Except that "dealing ethically with suppliers and supporting outside communities" is meaningless leftoid gibberish....I'm smelling nothing more than a political angle being played here.

Like a tRump tweet, it's an outright lie.

 

[Staidhup]

That's interesting, I thought these CEO's were employed by the stockholder, owners of the business, to represent their interests, add value? I guess exorbitant compensation packages, golden handcuffs, that were adopted with the intent to retain talent was nothing more than a scam to further line the pockets of CEO's and boards at the expense of the owners. Now they claim their concern is delivering value, ethics, supporting communities, and jobs, yet isn't that what they were supposed to have been doing from the start?

 

[Blackrook]

You can't take liberals seriously when they talk. They're liars.

 

[OnePercenter]

That's interesting, I thought these CEO's were employed by the stockholder, owners of the business, to represent their interests, add value? I guess exorbitant compensation packages, golden handcuffs, that were adopted with the intent to retain talent was nothing more than a scam to further line the pockets of CEO's and boards at the expense of the owners. Now they claim their concern is delivering value, ethics, supporting communities, and jobs, yet isn't that what they were supposed to have been doing from the start?

CEO's are employed by the Board of Directors.

Stockholders have no ownership other than paper.

 

[OnePercenter]

You can't take liberals seriously when they talk. They're liars.

CEO's of corporations a liberals? Really? All are capitalist racketeers like me.

 

[Staidhup]

Actually Boards serve at the please of the stockholders. Stockholders own the business not the boards, not the CEO. Investors invest in the management of the company. The market is designed to reward and punish publicly traded companies.