Shifting Priorities: Corporate Responsibility and Profit Maximization

For decades, American corporations have prized profits for shareholders above all else. Now, the country’s most powerful chief executives say it’s time to do things differently. What’s driving that change? Guest: Andrew Ross Sorkin, a financial columnist for The New York Times. For more information on today’s episode, visit nytimes.com/thedaily.

Background reading:

• Almost 200 chief executives, including the leaders of Apple, Pepsi and Walmart, argued that companies must invest in employees, protect the environment and deliver value to customers.
• Shareholder democracy seemed like a good idea at the time, but it hasn’t worked, Andrew Ross Sorkin writes in his latest column.

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