Stakeholder Capitalism Gets a Report Card. It’s Not Good.

The pandemic and the movement for racial justice have tested corporate pledges to elevate social concerns alongside shareholder interests. A new study finds companies are failing to follow through.

#amazon-com-inc, #benioff-marc, #blackrock-inc, #boards-of-directors, #business-roundtable, #capitalism-theory-and-philosophy, #coronavirus-2019-ncov, #corporate-social-responsibility, #corporations, #ford-foundation, #marriott-international-inc, #wages-and-salaries

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How Liberals Opened the Door to Libertarian Economics

Milton Friedman’s free-market ideas found favor in a free-love era and helped redirect the country toward the right. The aftershocks of his radical arguments are still being felt today.

#antitrust-laws-and-competition-issues, #business-roundtable, #economics-theory-and-philosophy, #friedman-milton, #income-inequality, #libertarianism-us-politics, #regulation-and-deregulation-of-industry, #united-states-economy, #united-states-politics-and-government

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Has Business Left Milton Friedman Behind?

The economist taught a generation of corporate leaders that profit should be their main motive. A new group of C.E.O.s begs to differ.

#benioff-marc, #berkshire-hathaway-inc, #buffett-warren-e, #business-roundtable, #corporate-social-responsibility, #friedman-milton, #salesforce-com-inc

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In Argentina’s Debt Negotiations, a Kinder, Gentler Capitalism Faces a Test

BlackRock, the world’s largest asset management company, is opposing a debt settlement deal with Argentina as the country grapples with soaring poverty and the pandemic.

#argentina, #blackrock-inc, #business-roundtable, #coronavirus-2019-ncov, #corporate-social-responsibility, #economic-conditions-and-trends, #fernandez-alberto-1959, #fink-laurence-d, #georgieva-kristalina-ivanova, #government-bonds, #gramercy-funds-management-llc, #international-monetary-fund, #macri-mauricio, #pensions-and-retirement-plans, #poverty, #stiglitz-joseph-e

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A Four-Point Plan for Fixing the Economy

A heavyweight group of economists and former policymakers have outlined a flexible approach to supporting the recovery not tied to any specific date.

#apple-inc, #aspen-institute, #business-roundtable, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings, #furman-jason, #geithner-timothy-f, #hubbard-r-glenn, #police-reform, #shutdowns-institutional, #united-states-economy

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America, We Break It, It’s Gone

Where can we find the leadership to save the U.S.?

#bottoms-keisha-lance, #business-roundtable, #demonstrations-protests-and-riots, #facebook-inc, #floyd-george-d-2020, #george-floyd-protests-2020, #lincoln-abraham, #minneapolis-minn, #republican-party, #social-media, #united-states

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Some Companies Seeking Bailouts Had Piles of Cash, Then Spent It

They poured the money into stock buybacks and dividends. Now, those hurting from the pandemic want government aid.

#american-airlines, #boeing-company, #buffett-warren-e, #business-roundtable, #coronavirus-aid-relief-and-economic-security-act-2020, #creed-greg, #davebusters-inc, #dimon-james, #fast-food-industry, #fink-laurence-d, #kentucky-fried-chicken, #mcdonalds-corporation, #papa-johns-international-inc, #restaurants, #stock-buybacks, #yum-brands-inc

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Big Business Pledged Gentler Capitalism. It’s Not Happening in a Pandemic.

C.E.O.s who signed a celebrated Business Roundtable document, promising to elevate worker interests, are now resorting to furloughs.

#business-roundtable, #coronavirus-2019-ncov, #executive-compensation, #income-inequality, #labor-and-jobs, #layoffs-and-job-reductions, #marriott-international-inc, #sorenson-arne-m, #united-states-economy, #wages-and-salaries

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