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CEOs look beyond shareholders

Aug 20, 2019 - The Detroit News

The heads of General Motors Co., Ford Motor Co. and dozens of other leaders at some of the world's largest companies are abandoning the long-held view that shareholders' interests should come first.

The purpose of a corporation is to serve all of its constituents, including employees, customers, investors and society at large, the Business Roundtable said Monday in a statement. Jamie Dimon, the CEO of JPMorgan Chase & Co., heads the group.

"While each of our individual companies serv...