CEOs say corporations should no longer put shareholders first

[Chd7]

Surprised there is no thread on this yet.

Do Jamie Dimon and co see which way the wind is blowing? Is this a cynical move to keep capitalism relevant in an increasingly woke world? It makes me think about Schumpeters book Capitalism, Socialism and Democracy, where he describes one of the factors leading to the end of capitalism as the leaders of corporations being merely administrators who would be just as comfortable as government bureaucrats as leaders in the private sector

Critics cast doubt on CEO pledge to downgrade shareholders

Corporate America’s lobbying group, the Business Roundtable, says it will no longer put shareholders first — but critics aren’t buying it. The powerful business lobbying group, led by JPMorgan Chas…

nypost.com

Personally the first thing I look at when investing in a company is how many pride flags they have flying outside their headquarters.

 

[fibo_trader]

Surprised there is no thread on this yet.



Personally the first thing I look at when investing in a company is how many pride flags they have flying outside their headquarters.

Careful Colonel. Remember how many flags Enron had? Your brothers and sisters were gobbling up the "pride" like it was gold. Even if they were asleep to the off balance sheet shenanigans surely they could not would not miss the 2 trendline breaks? But they did because of the pride flags there were analysts telling 'em buy more, buy more all the way to the bottom. They bought more.

All dead, Colonel.