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Paul Holmes examines the Business Roundtable's recent announcement that shareholder interests do not outweigh the broader concerns of society and employees. It is a seminal proposal for the industry group that represents America's top CEOs, coming after decades in which Milton Friedman's orthodoxy on shareholder returns above all else largely went unchallenged. But there is plenty to suggest that the Business Roundtable statement will lack teeth unless it can actually be enforced by legislation such as Elizabeth Warren's proposed effort to balance corporate responsibilities to all stakeholders. In conversation with Arun Sudhaman, the podcast follows Holmes' in-depth longread on the concept of 'accountable capitalism'.
The Echo Chamber podcast is produced by Markettiers and sponsored by The Bulleit Group.
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