Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society. Companies must benefit all of their stakeholders, including shareholders, employees, customers, and the communities in which they operate.”
–Larry Fink, CEO, $6 Trillion BlackRock investment manager in his 2018 advisory letter
Mr. Fink’s extraordinary, yet seemingly common sense conclusion is that we need to consider caring not only for shareholders but also for stakeholders, especially employees. But is that a likely shift?
Continue reading Life Cycle Flexibility – Disrupting the Trajectory of Work – by Paul Rupert