It may not be realistic to expect stakeholder capitalism to be expressed solely through the structure of a corporation which is designed by law to include only shareholders and directors beholden to shareholders. Maximum profits for the shareholders may only be achievable on a sustainable social and ecological basis through ancillary legislation. Hence legislation to prevent exploitation of labour etc.
Thank God for Alex Edmans he explained the topic and this made this so much easier to grasp,cant wait to hear his take on this !
The only thing that matters at the end are Blackrock's and Vanguard's interests
It can be, but do the people in power want to?
It may not be realistic to expect stakeholder capitalism to be expressed solely through the structure of a corporation which is designed by law to include only shareholders and directors beholden to shareholders. Maximum profits for the shareholders may only be achievable on a sustainable social and ecological basis through ancillary legislation. Hence legislation to prevent exploitation of labour etc.