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 | From the Editor's Desk
Why Businesses No Longer Have to Choose Between Heart, Head and Wallet “The business of business is improving the state of the world," states Salesforce's chairman and CEO Marc Benioff.
Benioff's worldview is shaped by the concept of "stakeholder capitalism" - the idea that companies have an obligation to give back to society and make a positive impact. That worldview has certainly paid off. In August, Salesforce posted a quarterly profit that well exceeded Wall Street's estimates. But Benioff said he's "most proud" of the role Salesforce is playing in helping public schools deal with Covid-19.
Indeed, as the world faces its worst health crisis in more than a century, the time has come for us to take a step back and seriously reflect on the role businesses play in society at large. In August 2019, the Business Roundtable, for the first time in 41 years, redefined the purpose of a corporation. Instead of insisting that public corporations exist primarily to serve shareholders, 181 CEOs joined the Roundtable's statement that corporations exist to benefit all stakeholders - customers, employees, suppliers, communities, and shareholders.
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Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. | Work Work Work Work Work Work Work Work Work AAP's mobile app compares Bengaluru's power bill with Delhi's The party's app also reveals how much citizens pay for the same amount of electricity in Delhi where the party is in power. The party's Karnataka convenor Prithvi Reddy released the app at a media conference and said the party will launch an agitation against the power tariff hike if chief minister BS Yediyurappa does not roll back the increase forthwith. Work Work Work Life Life Life Life Life Life Life Life Life Life Life Trump 'bullied' his way into a cameo role in Home Alone 2, director says If you're hoping for Trump-free Christmas, you might want to avoid watching Home Alone 2: Lost In New York. The president famously has a short cameo in the iconic Christmas movie. But, according to the director, Trump bullied his way into the role. In an interview with Insider, the film's director has revealed how Trump put pressure on the filmmakers to include him. The Life TradeBriefs Publications are read by over 10,00,000 Industry Executives |
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