Recode Decode: Blackstone CEO Steve Schwarzman
Decoder with Nilay Patel
Reimagining Stakeholders: The Shift Towards Inclusivity
This chapter explores the Business Roundtable's recent pivot from strict shareholder interests to a broader focus on stakeholders, highlighting the societal factors driving this change. It addresses the urgent need for economic reform to alleviate public discontent, proposing initiatives like a 'Marshall Plan' for the middle class and increased minimum wages. Additionally, it emphasizes the importance of educational reform and workforce retraining to prepare individuals for a modern economy and to foster collaboration between business and education.
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