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This is terrific move by the CEOs. Why most of Hacker News readers are so synical about the statement. It is true that at the end, CEO's fundamental purpose is
by wanche112 7y ago
This is terrific move by the CEOs. Why most of Hacker News readers are so synical about the statement. It is true that at the end, CEO's fundamental purpose is still on generating values to shareholders. But this statement signals a change in its way to achieve it: focus on customer, and employees with long term perspective, instead of short term stock market gain. The statement says CEO can do actions that can be harmful to stock, but still do it for the benefit of customers and employees, because they believe in it is good for the long term and us economic as whole. I see this is very positive statement.
- throwaway2048 7y agochange requires actions, not words, especially not words as subjective, hypothetical and open ended as these. These corporations could start doing better, today, without a round of self congratulation about how they are gonna make tomorrow better first.