Well, that didn’t take long. In August the knights of the Business Roundtable announced that they are putting “stakeholders” ahead of shareholders as their primary business purpose. Now Senator Elizabeth Warren, who is rising in the presidential polls, is demanding that these CEOs prove they mean it by endorsing her grand design to remake American capitalism. “I write for information about the tangible actions you intend to take to implement the principles” in the Roundtable’s Statement on the Purpose of a Corporation, Sen....

Source: Wall Street Journal October 06, 2019 21:00 UTC