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I took a look at the signatories. Surprisingly, Amazon and Apple are on there. Microsoft, Facebook, Google, Intel, Nvidia, AMD, and IBM are not. https://www.
by elihu 7y ago
I took a look at the signatories. Surprisingly, Amazon and Apple are on there. Microsoft, Facebook, Google, Intel, Nvidia, AMD, and IBM are not.
https://www.businessroundtable.org/business-roundtable-redefines-the-purpose-of-a-corporation-to-promote-an-economy-that-serves-all-americans https://www.businessroundtable.org/business-roundtable-redef...
(edit: removed text accidentally pasted in)
- ramshorns 7y agoI didn't know who Business Roundtable was. https://en.wikipedia.org/wiki/Business_Roundtable https://en.wikipedia.org/wiki/Business_Roundtable They're a group of CEOs that has lobbied against union protections, against antitrust legislation, and against increased powers for shareholders over CEOs and boards. So this seems like a bit of a departure from their usual policy, unless the real goal is to transfer power from shareholders not to the general public but to the CEOs and boards.
- elihu 7y agoIn that case, it may reflect well on a business if their CEO didn't sign because they weren't member in the first place. They have a list of members here: https://www.businessroundtable.org/about-us/members https://www.businessroundtable.org/about-us/members So far, I've just found one company among the non-signatories I listed whose CEO is a member (Virginia M Rometty of IBM). Micro, Qualcom, Oracle, Comcast, and Texas Instruments' CEOs are also member-signatories.