It’s Not All About Profit

Industry Leaders Challenge Business As Usual

With a portfolio of more than $6 trillion, the largest investor in the world has a message for business executives; there is more to life and business than money. Chairman and CEO of BlackRock, Laurence D. Fink recently penned a letter to let the business community know that they “need to do more than make profits—they need to contribute to society.”

“To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.”

Also speaking up in favor of activism over profit in tech, Calstrs and Jana Partners, which plan to invest dollars in a campaign advocating for “the long-term health of its youngest customers and the health of society.”

What are your thoughts on the recent challenge and criticism posed by top industry leaders and investors in tech? 

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Photo Credit: Damon Winter/The New York Times

 

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