Commentary Almost two years ago, the Business Roundtable created quite a stir. This association, steeped in corporate culture if ever an organization was, came out against the long-established rule of putting shareholder value as a singular priority. The assembled CEOs of some of the country’s largest corporations pledged to change their way of doing things and consider “stakeholders” as well—employees, customers, and the communities in which their firms do business. Social justice sorts were wary but otherwise delighted. This approach was, after all, what one of their great champions, Senator Elizabeth Warren, had advocated. All waited to see the outcome of an approach that no one had ever expected or even tried before, at least in the United States. As it turned out, nothing changed. Corporations altered nothing in how they made decisions or apportioned efforts. For all the stir the Roundtable’s announcement caused, it was all just talk. The …
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