Good morning.
There’s at least some evidence that perhaps it has, at least if the American public is the judge. Asked in a poll by Just Capital which stakeholder large U.S. companies prioritize the most, 50% of Americans say “their shareholders.” But that’s down from 69% six years ago. And 31% say companies prioritize “their employees” most, up from just 9% six years ago. Still, the poll showed only 49% of respondents said large U.S. companies have a positive impact on society overall. And only 37% said they have a positive impact on the environment.
Just Capital also looked at how the companies that signed the Purpose of a Corporation statement are doing, relative to the other companies it ranks annually in the Russell 1000. The answer: pretty good. BRT signatories:
–Pay an estimated 3.2% more of their workers a living wage;
–Provide 3.5 hours more career development training;
–Have 26% fewer…
