When nearly 200 CEOs from some of the nation’s largest corporations got together recently, they faced a big challenge.
Across the United States and in much of the world, there’s great distrust of corporate leaders—a distrust that’s growing along with CEO pay and levels of inequality. As Scientific American has reported, “economic inequality negatively impacts nearly every aspect of human well-being.” Many workers are finding that the system is rigged against them.
The result of the meeting of the Business Roundtable was an official end to the organization’s stance, in place since 1997, that “corporations exist principally to serve their shareholders.”