I’ve read lots about stakeholder capitalism. It’s a bunch of nonsense.
If management is beholden to a bunch of competing groups, then in any given situation they can do whatever they want and justify it by saying “well yeah the shareholders (or whoever) don’t like it, but this is what we need to do for the sake of the employees (or whoever).”
I’d rather have the shareholders in charge than unaccountable management doing whatever they feel like.
If management is beholden to a bunch of competing groups, then in any given situation they can do whatever they want and justify it by saying “well yeah the shareholders (or whoever) don’t like it, but this is what we need to do for the sake of the employees (or whoever).”
I’d rather have the shareholders in charge than unaccountable management doing whatever they feel like.