Redefining the purpose of a corporation

nadnerB

https://9to5mac.com/2019/08/20/benefit-more-than-shareholders/amp/

Apple has frequently said that it aims to do the right thing even when it doesn’t make financial sense, and any shareholders who aren’t happy with that should get out of the stock.

The iPhone maker yesterday reiterated that stance, and joined with 180 other big businesses in declaring that it was time for a new understanding of the purpose of a corporation…
Discuss

scottalanmiller

They are really just arguing for Class B corps, nothing new.

NTG's mission has always been to be a great environment to work in over profits for since the 1990s.

Mario Jakovina

@nadnerB That is just marketing of company's public image. And it surely does make financial sense for Apple.
Scott's example of NTG is probably something different.
The company I work for have priorities other than financial, but that is not true for Apple or many other signatories there.