The Business Roundtable

/Tag: The Business Roundtable

The Hard Part of Ending Inequality Is Paying for It

Buried among the storylines about global trade and political intrigue from the G7 summit last month is perhaps the most noteworthy one of all. Business for Inclusive Growth, or B4IG, a coalition of 34 multinational companies with more than 3 million employees and revenues topping $1 trillion, unveiled an initiative to tackle inequality with help from the

Nearly 200 CEOs just agreed on an updated definition of “the purpose of a corporation”

Since 1997, the Business Roundtable, America’s most influential group of corporate leaders, has agreed on one principle: “The paramount duty of management and of boards of directors is to the corporation’s stockholders,” its mission statement declared. The interests of other stakeholders, like employees, were only “relevant as a derivative of the duty to stockholders.” Now, however,