Wealth
JPMorgan’s Dimon Among CEOs Rejecting Investor-Centric Model
- Business Roundtable says all stakeholders should be considered
- Revision comes as capitalism under fire from some politicians
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Jamie Dimon and other leaders at some of the world’s largest companies said they plan to abandon the long-held view that shareholders’ interests should come first amid growing public discontent over income inequality and the burgeoning cost of health care and higher education.
The purpose of a corporation is to serve all of its constituents, including employees, customers, investors and society at large, the Business Roundtable said Monday in a statement. Dimon, the chief executive officer of JPMorgan Chase & Co., heads the group.