Publications
Publications
- August 22, 2019
- Harvard Business Review (website)
CEOs Say Their Aim Is Inclusive Prosperity. Do They Mean It?
By: Lynn S. Paine
Abstract
Earlier this week, the Business Roundtable issued a statement on corporate purpose. It is noteworthy both for its endorsement of inclusive prosperity as an ideal and for its rejection of maximizing shareholder returns as the sole corporate objective. However, the real significance of this week’s statement will depend on whether—and how—it is translated into practice. As of now, there are at least four reasons to view the statement as more of a symbolic gesture than a plan to change how corporate America functions.
Keywords
Citation
Paine, Lynn S. "CEOs Say Their Aim Is Inclusive Prosperity. Do They Mean It?" Harvard Business Review (website) (August 22, 2019).
About The Author
