Should businesses put social impact above profit?

Corporate titans, including CEOs of Amazon and JPMorgan, say that shareholders’ interests should not be top priority. The mantra “the shareholder comes first” has long been the governing ethos of the Business Roundtable, a group that represents the most powerful chief executive officers in the United States. But a new document about the role of corporations that was published on Monday advocates a foundational shift, putting shareholders on more equal footing with other stakeholders who share an interest in the same company: workers, consumers, and ultimately, society as a whole.…

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