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It’s a significant sign of our shifting culture that the country’s largest corporations and the organization representing their interests are revising their definition of the purpose of the corporation from profit maximization to leading their companies “for the benefit of all stakeholders—customers, employees, suppliers, communities and shareholders."How it's done?
Corporations, and the investors who own them, now must go beyond words and take action to upend the self-defeating doctrine of shareholder primacy.
Hooray. We applaud this at The Global Small Business Blog – companies creating value for workers, customers, suppliers, and communities—not just talk about it.
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