Washington Post

Maximizing profits can no longer be primary corporate goal, top CEOs say

James "Jamie" Dimon, adm. direktør i JPMorgan Chase & Co. Foto: Scott Eells/Bloomberg

A group representing the nation's most powerful CEOs on Monday abandoned the idea that companies must maximize profits for shareholders above all else, a long-held belief that advocates said boosted the returns of capitalism but detractors blamed for rising inequality and other social ills.

In a new statement about the purpose of the corporation, the Business Roundtable, which represents the chief executives of 129 large companies, said business leaders should now commit to balancing the needs of shareholders with customers, employees, suppliers and local communities...

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