Not even really true anymore. It’s all about “stakeholder capitalism“ now, which boils down to management being able to prioritize whichever stakeholder it want

Not even really true anymore. It’s all about “stakeholder capitalism“ now, which boils down to management being able to prioritize whichever stakeholder it wants to in any given situation. Shareholder primacy may not be perfect, but it at least constrains management instead of giving them completely free rein.