4 ms·

This new purpose stated by the CEOs of America's largest corporations is a welcome change to the corporate ethos that has prevailed in the US since the "greed i

by cs702 7y ago

This new purpose stated by the CEOs of America's largest corporations is a welcome change to the corporate ethos that has prevailed in the US since the "greed is good" days of the 1980's. It is also a preemptive response to the growing popularity of politicians like Bernie Sanders and Elizabeth Warren.

dangjc 7y ago
Let's hope it doesn't preempt real reform: giving employees and other stakeholders board seats.
throwaway2048 7y ago
Its feelgood window dressing, with no concrete goals, completely meaningless and subjective statements of value, no plan of action, and zero commitments. Its precisely engineered to make you think the issues it appears to be talking about are being acknowledged and addressed, when in reality, they are going to be completely ignored, then when, and if, it is brought up as criticism, it can be completely deflected from because the things it says are so totally subjective. This is 100% PR bullshit designed to mislead you like this. If they wanted to be better, corporations could start today, right now, and skip the worthless ceremony.
kemitchell 7y ago
Look at executive compensation trends since the "greed is good" days of the 1980s!
cryoshon 7y ago
it's way too late. the time for this was back in 2011, when the populist politics were first rearing their head on a national scale. now, it reads like a belated non-apology for past maliciousness. and it won't save them from the rising tide.
- defterGoose 7y ago
  I think the phrase "crocodile tears" was developed specifically for situations like this. Viva la revolucion.
defterGoose 7y ago
Ah, interesting, hadn't read it like that; just another instance of meaningless corporate double-speak. I guess they think unlimited political donations aren't going to do the job this time. I hope they're right, and I hope the progressives are able to take them to task.
deleted 7y ago
[deleted]
newshorts 7y ago
This reaction rings most true to me as well. I get the sense they are trying to get out in front of the dialogue of the 2020 elections.

by cs702 7y ago

dangjc 7y ago

Let's hope it doesn't preempt real reform: giving employees and other stakeholders board seats.

throwaway2048 7y ago

Its feelgood window dressing, with no concrete goals, completely meaningless and subjective statements of value, no plan of action, and zero commitments. Its precisely engineered to make you think the issues it appears to be talking about are being acknowledged and addressed, when in reality, they are going to be completely ignored, then when, and if, it is brought up as criticism, it can be completely deflected from because the things it says are so totally subjective. This is 100% PR bullshit designed to mislead you like this. If they wanted to be better, corporations could start today, right now, and skip the worthless ceremony.

kemitchell 7y ago

Look at executive compensation trends since the "greed is good" days of the 1980s!

cryoshon 7y ago

it's way too late. the time for this was back in 2011, when the populist politics were first rearing their head on a national scale. now, it reads like a belated non-apology for past maliciousness. and it won't save them from the rising tide.

defterGoose 7y ago
I think the phrase "crocodile tears" was developed specifically for situations like this. Viva la revolucion.

defterGoose 7y ago

Ah, interesting, hadn't read it like that; just another instance of meaningless corporate double-speak. I guess they think unlimited political donations aren't going to do the job this time. I hope they're right, and I hope the progressives are able to take them to task.

deleted 7y ago

[deleted]

newshorts 7y ago

This reaction rings most true to me as well. I get the sense they are trying to get out in front of the dialogue of the 2020 elections.