Aug 24th 2019

Politics this week

Politics this week

Giuseppe Conte, Italy’s prime minister, resigned after Matteo Salvini, the leader of the Northern League party, withdrew his support for the coalition government. The coalition’s other party, the Five Star Movement, must now try to form a new government. If that fails, Italy may face a general election. An Italian prosecutor ordered a ship carrying around …

Business this week

Business this week

The Business Roundtable, America’s foremost association of chief executives, caused a stir when it redefined the purpose of a company, ditching the decades-old orthodoxy that increasing shareholder value should be the only objective. Now, the bosses say, companies should also look out for the interests of customers, workers, suppliers and communities, and aim to increase diversity …

What are companies for? Big business is beginning to accept broader social responsibilities

What are companies for? Big business is beginning to accept broader social responsibilities

Pursuing shareholder value is no longer enough, it seems AT A RECENT dinner in London, a chief executive promised that his airline would soon offer electric flights. A credit provider enthused about increasing financial inclusion in the developing world; a luxury-car executive promised to replace the leather in her vehicles’ opulent interiors with pineapple matting and …