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Top US CEOs rethink the meaning of shareholder value

Updated : August 20, 2019 08:49 AM IST

The group's new principles on the role of a corporation released Monday imply a foundational shift, putting shareholders on more equal footing with others who have an interest in a corporation to some degree — including workers, suppliers, customers and, essentially, society at large.
It's an implicit recognition that corporations have a larger responsibility than a return on investment and also that more Americans are living under duress today.
A Federal Reserve Bank of St. Louis analysis found that corporate profits have far outpaced employee compensation since the early 2000s.
Top US CEOs rethink the meaning of shareholder value
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