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  • August 22, 2019
  • Article
  • Harvard Business Review (website)

CEOs Say Their Aim Is Inclusive Prosperity. Do They Mean It?

By: Lynn S. Paine
  • Format:Electronic
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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

Mission and Purpose; Goals and Objectives; Corporate Governance

Citation

Paine, Lynn S. "CEOs Say Their Aim Is Inclusive Prosperity. Do They Mean It?" Harvard Business Review (website) (August 22, 2019).
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About The Author

Lynn S. Paine

General Management
→More Publications

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More from the Author
  • Shareholders vs. Stakeholders: Who Is Winning the Battle for Corporate Governance? By: Lynn S. Paine
  • Onboarding By: Lynn S. Paine, Julia Hanna and Tosh Barron
  • Transforming Kimball International, Inc. (B) By: Lynn S. Paine and Will Hurwitz
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