One year later: How the new Business Roundtable approach to capitalism is affecting Atlanta

August marked the one-year anniversary of the historic Business Roundtable (BRT) statement on corporate purpose. This letter, signed by the CEOs of 184 major U.S. corporations, cited a “fundamental commitment to all of our stakeholders” in moving away from the 1997 BRT statement that businesses’ “paramount duty” is to the corporation’s stockholders alone. The BRT opinion, now commonly referred to as “stakeholder capitalism” holds that to create long-term value for owners, businesses…

August marked the one-year anniversary of the historic Business Roundtable (BRT) statement on corporate purpose. This letter, signed by the CEOs of 184 major U.S. corporations, cited a “fundamental commitment to all of our stakeholders” in moving away from the 1997 BRT statement that businesses’ “paramount duty” is to the corporation’s stockholders alone. The BRT opinion, now commonly referred to as “stakeholder capitalism” holds that to create long-term value for owners, businesses…

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