Failure To Mention Tax In Stakeholder Model Raises Eyebrows
By Matt Thompson (August 22, 2019, 6:45 PM EDT) -- The Business Roundtable has dropped its longstanding commitment to maximization of shareholder value in favor of a stakeholder model intended to promote social responsibility — a move that puzzled observers because of its failure to mention tax planning.
The Bank of America Plaza building in Los Angeles towers over passersby. At least one observer said a new model for corporations set out Monday in a statement by the Business Roundtable did not go far enough. (AP) The Business Roundtable, an association of American CEOs, released its "Statement on the Purpose of a Corporation" on Monday. The new model it describes considers the interests of not just shareholders,...
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