The new capitalism is looking a lot like the old capitalism

DESPITE RELEASING A STATEMENT in August about the need of corporations to redefine their purposes from only delivering value to shareholders to taking into account all stakeholders, members of the Business Roundtable who signed the pledge who were contacted by Bloomberg News said that they were already operating in the new way, so they did not really see a need to change how they do business. / BLOOMBERG NEWS FILE PHOTO/CHRIS RATCLIFFE
DESPITE RELEASING A STATEMENT in August about the need of corporations to redefine their purposes from only delivering value to shareholders to taking into account all stakeholders, members of the Business Roundtable who signed the pledge who were contacted by Bloomberg News said that they were already operating in the new way, so they did not really see a need to change how they do business. / BLOOMBERG NEWS FILE PHOTO/CHRIS RATCLIFFE
NEW YORK – The Business Roundtable caused a stir last month by declaring the purpose of a corporation isn’t merely to generate returns for shareholders – the group’s official line since 1997 – but to care for all its stakeholders. The 300-word statement spurred speculation over how corporate America might change. Not much, apparently, if you…

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