- Stakeholder capitalism is the economic notion that a company should prioritize all of its stakeholders (like employees and customers), and not just its shareholders.
- In August 2019, CEOs of top companies like JPMorgan Chase, Walmart, and Apple, declared stakeholder capitalism the economy’s guiding principal in an open letter.
- In the year that’s passed since the open letter, do Americans think leaders are still prioritizing shareholders above all else?
- JUST Capital, an independent research firm founded by the billionaire investor Paul Tudor Jones, surveyed some 4,400 Americans and found that more people think companies are indeed prioritizing their employees.
- However, a higher percentage still think shareholders are a company’s top priority.
- Visit Business Insider’s homepage for more stories.
In August 2019, CEOs of 181 top companies came together and declared stakeholder capitalism the path forward in an open letter titled “Statement on the Purpose of a Corporation.”
Stakeholder capitalism is the