Search Business Roundtable Members

Total Page:16

File Type:pdf, Size:1020Kb

Search Business Roundtable Members 6/18/2021 Members | Business Roundtable Business Roundtable members are the chief executive officers of MEMBERS leading U.S. companies. Collectively, they represent every sector of the economy and bring a unique and important perspective to bear on policy issues that impact the economy. Roundtable members are thought leaders, advocating for policy solutions that foster U.S. economic growth and competitiveness. Search Business Roundtable Members Mike Roman Robert Ford Richard A. Gonzalez 3M Abbott AbbVie Chief Executive Officer President and Chief Chairman of the Board and (/about- Executive Officer Chief Executive Officer us/members/mike- (/about- (/about- roman-chief- us/members/robert- us/members/richard- executive-officer-3m) ford-president-and- a-gonzalez-chairman- chief-executive- of-the-board-and- officer-abbott) chief-executive- officer-abbvie) Julie Sweet Shantanu Narayen Carlos A. Rodriguez Accenture Adobe ADP Chief Executive Officer Chairman, President and President and Chief (/about- Chief Executive Officer Executive Officer us/members/julie- (/about- (/about- sweet-chief-executive- us/members/shantanu- us/members/carlos-a- officer-accenture) narayen-chairman- rodriguez-president- president-and-chief- and-chief-executive- officer-adp) https://www.businessroundtable.org/about-us/members 1/23 6/18/2021 Members | Business Roundtable executive-officer- adobe) David M. Mussafer Troy Rudd Andrés Gluski Advent International AECOM The AES Corporation Corporation Chief Executive Officer Director, President and Chairman and Managing (/about- CEO Partner us/members/troy- (/about- (/about- rudd-chief-executive- us/members/andrés- us/members/david-m- officer-aecom) gluski-director- mussafer-chairman- president-and-ceo-the- and-managing- aes-corporation) partner-advent- international- corporation) Dan Amos Vivek Sankaran John O. Larsen Aflac Incorporated Albertsons Companies, Inc. Alliant Energy Corporation Chairman, Chief Executive President & CEO President, CEO and Officer and President (/about- Chairman of the Board (/dan-amos-chairman- us/members/vivek- (/about- chief-executive- sankaran-president- us/members/john-o- officer-and-president- ceo-albertsons- larsen-president-ceo- aflac-incorporated) companies-inc) and-chairman-of-the- board-alliant-energy- corporation) Thomas J. Wilson Lee J. Styslinger, III Jeff Bezos Allstate Insurance Company Altec, Inc. Amazon Chair, President and Chief Chairman and Chief Founder, Chairman, CEO Executive Officer Executive Officer and President (/about- (/about- (/about- us/members/thomas- us/members/lee-j- us/members/jeff- j-wilson-chair- styslinger-iii- bezos-founder- president-and-chief- chairman-and-chief- chairman-ceo-and- executive-officer- executive-officer-altec- president-amazon) allstate-insurance- inc) company) https://www.businessroundtable.org/about-us/members 2/23 6/18/2021 Members | Business Roundtable Doug Parker Stephen J. Squeri American Airlines Nicholas K. Akins American Express Company Chairman and Chief Chairman and Chief Executive Officer American Electric Power Executive Officer (/about- Chairman, President and (/about- Chief Executive Officer us/members/doug- (/about- us/members/stephen- parker-chairman-and- us/members/nicholas- j-squeri-chairman- chief-executive- k-akins-chairman- and-chief-executive- officer-american- president-and-chief- officer-american- airlines) executive-officer- express-company) american-electric- power) Peter Zaffino Thomas A. Bartlett James Cracchiolo American International American Tower Ameriprise Financial Group, Inc. Corporation Chairman and Chief President & Chief Executive President and Chief Executive Officer Officer Executive Officer (/about- (/about- (/about- us/members/james- us/members/peter- us/members/thomas- cracchiolo-chairman- zaffino-president- a-bartlett-president- and-chief-executive- chief-executive- and-chief-executive- officer-ameriprise- officer-american- officer-american- financial) international-group- tower-corporation) inc) Steven H. Collis Gail K. Boudreaux Gregory C. Case AmerisourceBergen Anthem, Inc. Aon Corporation Chief Executive Officer and President and Chief Chairman, President and President Executive Officer Chief Executive Officer (/about- (/about- (/about- us/members/gail-k- us/members/gregory- us/members/steven-h- boudreaux-chief- c-case-president-and- collis-chairman- executive-officer-and- chief-executive- president-and-chief- president-anthem-inc) officer-aon) executive-officer- amerisourcebergen- corporation) Tim Cook Juan R. Luciano Alan B. Colberg Apple Archer Daniels Midland Assurant, Inc. Chief Executive Officer Company President and CEO https://www.businessroundtable.org/about-us/members 3/23 6/18/2021 Members | Business Roundtable (/about- Chairman, President, and (/about- us/members/tim- Chief Executive Officer us/members/alan-b- (/about- cook-chief-executive- colberg-president-and- us/members/juan-r- officer-apple) ceo-assurant-inc) luciano-chairman- president-and-chief- executive-officer- archer-daniels- midland-company) John Stankey John A. Hayes Brian T. Moynihan AT&T Inc. Ball Corporation Bank of America Chief Executive Officer Chairman, President and Corporation (/about- Chief Executive Officer Chairman of the Board and us/members/john- (/about- Chief Executive Officer stankey-chief- us/members/john-a- (/about- us/members/brian-t- executive-officer-att- hayes-chairman- moynihan-chairman- inc) president-and-chief- executive-officer-ball- of-the-board-and- corporation) chief-executive- officer-bank-of- america-corporation) José E. Almeida Brendan P. Bechtel Corie Barry Baxter International Inc. Bechtel Group, Inc. Best Buy Co. Inc. Chairman and Chief Chairman and Chief CEO Executive Officer Executive Officer (/about- (/about- (/about- us/members/corie- us/members/josé-e- us/members/brendan- barry-ceo-best-buy-co- almeida-chairman- p-bechtel-chairman- inc) and-chief-executive- and-chief-executive- officer-baxter- officer-bechtel-group- international-inc) inc) Laurence D. Fink Stephen A. Todd Gibbons BlackRock, Inc. Schwarzman BNY Mellon Founder, Chairman and Blackstone Chief Executive Officer Chief Executive Officer Chairman, CEO and Co- (/about- (/about- Founder us/members/todd- us/members/laurence- (/about- gibbons-chief- d-fink-founder- us/members/stephen- chairman-and-chief- a-schwarzman- https://www.businessroundtable.org/about-us/members 4/23 6/18/2021 Members | Business Roundtable executive-officer- chairman-ceo-and-co- executive-officer-bny- blackrock-inc) founder-blackstone) mellon) Glenn Fogel David Calhoun Booking Holdings Horacio Rozanski Chief Executive Officer and The Boeing Company Booz Allen Hamilton, Inc. President President and Chief President and Chief Executive Officer (/about- Executive Officer (/about- us/members/glenn- (/about- us/members/david- fogel-chief-executive- us/members/horacio- calhoun-president- officer-and-president- rozanski-president- and-chief-executive- booking-holdings) and-chief-executive- officer-the-boeing- officer-booz-allen- company) hamilton-inc) Frédéric Lissalde Rich Lesser Bernard Looney BorgWarner Boston Consulting Group BP President and Chief CEO Chief Executive Officer Executive Officer (/about- (/about- (/frédéric-lissalde- us/members/rich- us/members/bernard- president-and-chief- lesser-ceo-boston- looney-chief- executive-officer- consulting-group) executive-officer-bp) borgwarner) Giovanni Caforio, Mike Kaufmann Kewsong Lee M.D. Cardinal Health The Carlyle Group Bristol-Myers Squibb Chief Executive Officer Chief Executive Officer Chairman of the Board and (/about- (/about- Chief Executive Officer us/members/mike- us/members/kewsong- (/about- kaufmann-chief- lee-chief-executive- us/members/giovanni- executive-officer- officer-the-carlyle- caforio-md-chairman- cardinal-health) group) of-the-board-and- chief-executive- officer-bristol-myers- squibb) David L. Gitlin D. James Umpleby, III Robert E. Sulentic C t ill I https://www.businessroundtable.org/about-us/members 5/23 6/18/2021 Members | Business Roundtable Carrier Caterpillar Inc. CBRE Group, Inc President and Chief Chairman of the Board of President & Chief Executive Executive Officer Directors and Chief Officer (/about- Executive Officer (/about- (/about- us/members/david-l- us/members/robert-e- us/members/d-james- gitlin-president-and- sulentic-president- umpleby-iii-chairman- chief-executive- chief-executive- of-the-board-of- officer-carrier) officer-cbre-group- directors-and-chief- inc) executive-officer- caterpillar-inc) Michael Neidorff W. Anthony Will Mike Wirth Centene Corporation CF Industries Chevron Corporation Chairman, President, and President and Chief Chairman of the Board and CEO Executive Officer Chief Executive Officer (/about- (/about- (/about- us/members/michael- us/members/w- us/members/mike- neidorff-chairman- anthony-will- wirth-chairman-of- president-and-ceo- president-and-chief- the-board-and-chief- centene-corporation) executive-officer-cf- executive-officer- industries) chevron-corporation) Brian Niccol Bob Biesterfeld Evan G. Greenberg Chipotle Mexican Grill C.H. Robinson Worldwide Chubb Chairman of the Board of President and Chief Chairman and Chief Directors and Chief Executive Officer Executive Officer Executive Officer (/about- (/about- (/about- us/members/bob- us/members/evan-g- us/members/brian- biesterfeld-president- greenberg-chairman- niccol-chairman-of- and-chief-executive- and-chief-executive- the-board-of- officer-ch-robinson- officer-chubb) directors-and-chief- worldwide) executive-officer- chipotle-mexican- grill) David Cordani Chuck
Recommended publications
  • COMMENTARY to PROFESSOR MURRAY Phil Reed*
    COMMENTARY TO PROFESSOR MURRAY Phil Reed* In his article, Professor Murray provides an excellent response to the Business Roundtable’s (BRT) Statement on the Purpose of a Corporation, and outlines the ways that an interested corporation could implement governance changes to reflect the statement. Reactions to the Business Roundtable’s statement, as described by Professor Murray, could be grouped into one of three categories – optimistic praise, supportive pessimism, and blunt opposition. As Professor Murray has done an excellent job of addressing the second category of reactions, supportive pessimism, it falls upon me to address the blunt opposition. I think, however, that there are two modes of opposition to the BRT’s statement. The first mode of opposition is that the signatories of the statement are being insincere in endorsing a commitment to stakeholders, rather than shareholders. The second is opposition to stakeholder theory in the first place. In that view, the BRT should not have issued the statement at all. The sincerity of a signed statement can be readily determined by the behavior of one who signed it. Soon after signing the Business Roundtable’s statement, Amazon-owned Whole Foods made the decision to cut health benefits for part-time workers.1 This move did not do much to inspire confidence in the statement, to put it lightly.2 To the extent that * Phil Reed is a third-year law student at the University of Tennessee College of Law and is scheduled to graduate in May 2020. 1 Bob Bryan, Amazon-Owned Whole Foods’ Decision to Drop Health Benefits for Hundreds of Part-Time Workers Reveals How Promises to Workers Like CEO Jeff Bezos’ Recent Pledge are Worthless, BUS.
    [Show full text]
  • Citigroup Inc.; Rule 14A-8 No-Action Letter
    *** FISMA & OMB Memorandum M-07-16 ENCLOSURE 1 THE PROPOSAL AND RELATED CORRESPONDENCE (IF ANY) ENCLOSURE 2 STATEMENT OF INTENT TO EXCLUDE STOCKHOLDER PROPOSAL The Proposal requests that the Company’s Board of Directors (the “Board”) conduct a comprehensive review of Citigroup’s governance documents, making recommendations to the shareholders on specifically how the “Purpose of a Corporation” signed by our Chief Executive Officer can be fully implemented by board and management, and recommending amendments to governance documents such as the bylaws, Company’s Articles of Incorporation, or Committee Charters to fulfill the new statement of purpose. The Proponent does not reproduce, or really even try to describe, the “Purpose of a Corporation” that is the subject of his Proposal. The Company believes the Proponent is referring to the Statement of the Purpose of a Corporation issued by the Business Roundtable (the “Statement”), which was signed by the chief executive officers of 181 companies, including the Company’s Chief Executive Officer (the “CEO”). The Statement reduces to writing the signatory companies’ commitment to all of their stakeholders, specifically in five areas: (1) “delivering value to the company’s customers”; (2) “investing in our employees”; (3) “dealing fairly and ethically with our suppliers”; (4) “supporting the communities in which we work”; and (5) “generating long- term value for shareholders, who provide the capital that allows companies to invest, grow and innovate.”1 A copy of the Statement is attached hereto as Enclosure 3. THE PROPOSAL MAY BE EXCLUDED BECAUSE IT IS VAGUE AND MISLEADING. The Proposal may be excluded pursuant to Rule 14a-8(i)(3) because the Proposal is vague and misleading.2 The Proposal is vague because stockholders cannot understand the action requested by the Proposal without referring to materials outside the Proposal.
    [Show full text]
  • Race, Reckoning, and Leadership in Tough Times
    Race, Reckoning, and Leadership in Tough Times Speaker 1: [inaudible]. Jamie Miller: Hello. Good morning. Hi everyone. Welcome to the first full day of the Aspen ideas festival fast one. My name is Jamie Miller. Um, I'm a vice president for public programs at the Aspen Institute. So I'm lucky to get to work on the ideas festival and um, lots of other convenings that we do. Um, I'm delighted to introduce our moderator for this morning who's Jonathan Capehart. Um, one of our, um, good friends of the ideas festival, um, who never fails to delight and inform. We're so pleased to have him and grateful for everything he does for us. He's an opinion writer and on the editorial board at the Washington Post. Um, and so thank you Jonathan for being here and he's going to introduce I'm Roz brewer who were so grateful, made it to the Aspen ideas festival. She is a quite busy lady and um, we're really, really pleased to have you here. So welcome both of you. Jonathan C: Okay. Jonathan C: So good morning everyone. Thank you very much for being here for this morning session. Ross, thank you for sitting down and having this conversation, uh, about all sorts of things, leadership, race. The company, um, the incident that we're all focused on in this, the focus of the, of this conversation is what happened in April of 2018 in Philadelphia at a, at a Starbucks off of Rittenhouse Square.
    [Show full text]
  • Businessroundtable.Pdf
    Corporations 101 The Role of Corporations and Corporate Governance in Maintaining U.S. Competitiveness July 2008 Business Roundtable (www.businessroundtable.org) is an association of chief executive officers of leading U.S. companies with over $4.5 trillion in annual revenues and nearly 10 million employees. Member companies comprise nearly a third of the total value of the U.S. stock market and represent more than 40 percent of all corporate income taxes paid to the federal government. Collectively, they returned more than $114 billion in dividends to shareholders and the economy in 2006. Roundtable companies give more than $7 billion a year in combined charitable contributions, representing nearly 60 percent of total corporate giving. They are technology innovation leaders, with $90 billion in annual research and development (R&D) spending — nearly half of the total private R&D spending in the U.S. Copyright © 2008 by Business Roundtable Corporations 101 The Role of Corporations and Corporate Governance in Maintaining U.S. Competitiveness A White Paper by Business Roundtable | July 2008 Table of Contents I. Introduction 2 II. The Role of Corporations 3 III. Corporate Governance 4 IV. Corporate Governance Reforms 9 V. Governance Challenges for Maintaining U.S. Competitiveness 11 VI. Conclusion 14 Business Roundtable I. Introduction In an era of increasing global competition and economic uncertainty, understand- ing the role that corporations play is more important than ever. Therefore, Business Roundtable has prepared this paper to provide a brief introduction to corporations, the economic benefits they provide, their governance structure and their record of reforms. Business Roundtable is an association of chief executive officers (CEOs) from more than 160 leading U.S.
    [Show full text]
  • Rosalind Brewer Rosalind Brewer
    Presorted Standard U.S. Postage Paid Austin, Texas Permit No. 01949 TPA TEXAS PUBLISHERS www.TheAustinVillager.com ASSOCIATION This paper can be recycled Vol. 45 No. 17 Phone: 512-476-0082 Email: [email protected] September 15, 2017 Starbucks Names Forbes Magazine INSIDE AKA Soror is Calling Her Rosalind Brewer “The Next Steve Jobs” as Its New Chief RAPPIN’ Stephens dominates Tommy Wyatt Operating Officer Keys in the U.S. Open final. Move over Serena See SLAM and Venus! Here Page 2 comes Sloane and Madison! For the last decade and a half, Venus and Serena Williams have been the leading American women on the professional Tennis Tour. Global music icon They won more tennis rendered a profound championships around the performance. world than any other female See JACKSON players in history. Venus was Page 6 the first to master the tour. But Angel Rich her father said from the by: Businesswomen.org (Courtesy of Afro.com) beginning that Serena would Angel Rich, from Washington, DC, has be better. He turned out to be developed a very innovative app called Credit Stacker right. Serena remained the Rosalind Brewer that teaches students about personal finance, credit champion until she became management, and entrepreneurship in a fun and en- pregnant this year. She had the by: Watch the Yard (Courtesy of Afro.com) gaging way. The app is so popular that 200,000 people H-E-B Chairman baby this summer and is Starbucks just named Alpha Kappa Alpha downloaded it to their smart phones and tablets within contributes millions expected to return to the tour soror Rosalind Brewer, the former president and CEO just two weeks of it’s launch.
    [Show full text]
  • Members Are the Chief Executive Officers of Leading U.S
    Business Roundtable CEOs support sound public policy to defeat COVID-19, create American jobs and restore U.S. economic growth and competitiveness. LEARN MORE (https://www.businessroundtable.org/policy-perspectives) Business Roundtable members are the chief executive officers of leading U.S. MEMBERS companies. Collectively, they represent every sector of the economy and bring a unique and important perspective to bear on policy issues that impact the economy. Roundtable members are thought leaders, advocating for policy solutions that foster U.S. economic growth and competitiveness. Search Business Roundtable Members Mike Roman Robert Ford Richard A. Gonzalez 3M Abbott AbbVie Chief Executive Officer President and Chief Executive Chairman of the Board and Chief (/about-us/members/mike- Officer Executive Officer roman-chief-executive- (/about-us/members/robert- (/about- officer-3m) ford-president-and-chief- us/members/richard-a- executive-officer-abbott) gonzalez-chairman-of-the- board-and-chief-executive- officer-abbvie) Julie Sweet Carlos A. Rodriguez Troy Rudd Accenture ADP AECOM Chief Executive Officer President and Chief Executive Chief Executive Officer (/about us/members/julie Officer (/about us/members/troy (/about-us/members/julie- Officer (/about-us/members/troy- sweet-chief-executive- (/about-us/members/carlos- rudd-chief-executive-officer- officer-accenture) a-rodriguez-president-and- aecom) chief-executive-officer-adp) Dan Amos John O. Larsen Aflac Incorporated Alliant Energy Corporation Andrés Gluski Chairman, Chief Executive Officer President, CEO and Chairman of The AES Corporation and President the Board Director, President and CEO (/dan-amos-chairman-chief- (/about-us/members/john-o- (/about- executive-officer-and- larsen-president-ceo-and- us/members/andrés-gluski- president-aflac- chairman-of-the-board- director-president-and-ceo- incorporated) alliant-energy-corporation) the-aes-corporation) Lee J.
    [Show full text]
  • Southeast Debut of New Work by Deborah Roberts at the Spelman College Museum of Fine Art Opens January 2018
    FOR 350 Spelman Lane Box 1526 IMMEDIATE Atlanta, GA 30314 RELEASE museum.spelman.edu MEDIA CONTACTS JOYCE E. DAVIS WYATT PHILLIPS 404-270-5871 404-270-5606 [email protected] [email protected] T: @SpelmanMedia T: @SpelmanMuseum FB: facebook.com/spelmanmuseum November 29, 2017 Southeast Debut of New Work by Deborah Roberts at the Spelman College Museum of Fine Art Opens January 2018 Deborah Roberts: The Evolution of Mimi January 25 – May 19, 2018 ATLANTA (November 29, 2017) – Deborah Roberts creates visually arresting collages that encourage important conversations about girlhood, vulnerability, body image, popular culture, self-image, and the dysfunctional legacy of colorism. Combining found photographs, painting, and drawing, she examines the weight that society places on Black girls. “Deborah Roberts: The Evolution of Mimi,” an original exhibition organized by the Spelman College Museum of Fine Art, features more than 50 collages, paintings, and hand-painted serigraphs. On view January 25 – May 19, 2018, the exhibition includes collages, for which Roberts has gained notoriety, that demonstrate how she grapples with the depiction of beauty and the development of self-image in Black women. It also features her hand-painted serigraphs of names that stereotypically sound like those of Black Witness, 2011 Mixed media on paper girls, challenging viewers to think deeply about how their own 12 x 12 inches Courtesy the artist perceptions are guided by societal expectations and preconceived Collection of Michael Chesser notions. It also features a group of early paintings and works on paper that serve as a catalyst for her current work. Incorporating art history, popular culture, Black culture, and American history, Roberts creates bold provocative works that confront and captivate.
    [Show full text]
  • THE EMERGING WORLDVIEW: How New Progressivism Is Moving Beyond Neoliberalism a Landscape Analysis
    THE EMERGING WORLDVIEW: How New Progressivism Is Moving Beyond Neoliberalism A Landscape Analysis REPORT BY FELICIA WONG JANUARY 2020 ABOUT THE ROOSEVELT INSTITUTE Until the rules work for every American, they’re not working. The Roosevelt Institute is a think tank and student-driven national network that believes in an economy and democracy by the people, for the people. The few at the top—corporations and the richest among us— hold too much wealth and power today, and our society will be stronger when that changes. Armed with a bold vision for the future, we want our work to move the country toward a new economic and political system: one built by many for the good of all. ABOUT THE AUTHOR ACKNOWLEDGMENTS Felicia Wong is the president and CEO of the Roosevelt This report draws on research Institute, which seeks to reimagine the social and economic and analysis conducted by Nell policies of Franklin and Eleanor Roosevelt for the 21st century. Abernathy, Ariel Evans, Mike She is the coauthor of Hidden Rules of Race: Barriers to Konczal, and Katy Milani. The an Inclusive Economy (Cambridge University Press, 2017). author thanks Joelle Gamble, She holds a PhD in political science from the University of Angela Hanks, Jennifer Harris, California, Berkeley. Chris Hughes, Michael Linden, JW Mason, Julie Margetta Morgan, Lenore Palladino, Brishen Rogers, K. Sabeel Rahman, Ganesh Sitaraman, Dorian Warren, and Tracy Williams for their comments and insight. Roosevelt staff Kendra Bozarth, Matt Hughes, Jeff Krehely, Tayra Lucero, and Victoria Streker all contributed to the project. This report was made possible with the generous support of the Hewlett Foundation and the Omidyar Network.
    [Show full text]
  • Csr Statements: Incentives and Enforcement in the Wake of the Business Roundtable’S Statement on Corporate Purpose
    CSR STATEMENTS: INCENTIVES AND ENFORCEMENT IN THE WAKE OF THE BUSINESS ROUNDTABLE’S STATEMENT ON CORPORATE PURPOSE Arielle Sigel* ABSTRACT Corporate social responsibility (“CSR”) statements—voluntary statements made by a corporation to improve its practices in three broad areas: environmental, social, and governance (“ESG”)—are increasingly expected from companies. Both consumers and investors are interested in whether companies are making efforts at social responsibility. In 2019, the Business Roundtable’s statement focused on CSR, emphasizing corporations’ commitment to stakeholders as well as shareholders. This statement signaled a broader shift away from for-profit companies’ profitability focus, and other prominent industry figures, such as BlackRock’s Larry Fink, continue to voice similar sentiments. The business judgment rule and related corporate law doctrines and cases, such as Dodge v. Ford, provide directors with a great deal of deference—within limits, of course—to make decisions that do not fulfill their primary duty of profit maximization. While CSR statements help companies by providing brand recognition, meeting consumer demand, and creating social good, these companies’ decisions to pursue CSR goals do not always align directly with maximizing profits. This creates a rift between directors’ and companies’ legal obligations and the trend of CSR and stakeholder theory. This Note seeks to close this rift by exploring the incentives behind CSR statements and explaining how directors can fulfill their duties by linking CSR statements to profits. In doing so, it concludes that CSR is a proper corporate purpose. CSR statements, with certain conditions placed on them, benefit both companies and society. If companies get to reap the reputational and financial benefits from making CSR statements, then companies must make good faith efforts to achieve their stated goals.
    [Show full text]
  • People and Technology at Work Business Roundtable CEO Members Lead Companies with $7 Trillion in Annual Revenues and Nearly 16 Million Employees
    E • GROW • SUS REAT TAIN C 2016 REPORT People and Technology at Work Business Roundtable CEO members lead companies with $7 trillion in annual revenues and nearly 16 million employees. Business Roundtable member companies have a combined stock market capitalization of $7.9 trillion and invest $129 billion annually in research and development. Our companies pay more than $222 billion in dividends to shareholders and generate more than $495 billion in sales for small and medium-sized businesses annually. Business Roundtable companies also make nearly $8 billion a year in charitable contributions. Please visit us at www.brt.org, check us out on Facebook and LinkedIn, and follow us on Twitter. Copyright © 2016 by Business Roundtable E • GROW • SUS REAT TAIN C 2016 REPORT People and Technology at Work April 2016 DEAR BUSINESS LEADERS AND STAKEHOLDERS: On behalf of the members of Business Roundtable, I am proud to share with you our 2016 sustainability report — Create, Grow, Sustain: People and Technology at Work. Now in its ninth year, the report features narratives from 133 CEOs on how their companies have contributed to sustainable economic growth and a cleaner environment in the United States and around the world. At American Electric Power (AEP), we believe that good business and sustainable environmental practices go hand in hand. For our company, that means harnessing people and technology to safeguard the environment while delivering affordable, reliable electric power to more than 5 million customers in 11 states. Our sustainability achievements include investing more than $7.5 billion in environmental control technology over the last 15 years and reducing smog-generating emissions by more than 80 percent since 2001.
    [Show full text]
  • The Illusory Promise of Stakeholder Governance
    \\jciprod01\productn\C\CRN\106-1\CRN102.txt unknown Seq: 1 16-FEB-21 10:54 THE ILLUSORY PROMISE OF STAKEHOLDER GOVERNANCE Lucian A. Bebchuk† & Roberto Tallarita‡ To address growing concerns about the negative effects of corporations on their stakeholders, supporters of stakeholder governance (“stakeholderism”) advocate a governance model that encourages and relies on corporate leaders to serve the interests of stakeholders and not only those of shareholders. We conduct a conceptual, economic, and empirical analysis of stakeholderism and its expected consequences. Stakeholder- ism, we conclude, is an inadequate and substantially counter- productive approach to addressing stakeholder concerns. To assess the promise of stakeholderism to protect stakeholders, we analyze the full array of incentives facing corporate lead- ers; empirically investigate whether they have in the past used discretion to protect stakeholders; and show that recent † James Barr Ames Professor of Law, Economics, and Finance, and Director of the Program on Corporate Governance, Harvard Law School. Professor Bebchuk is serving as an advisor to the American Law Institute’s project on the Restatement of the Law, Corporate Governance, which is examining the subjects of corporate purpose and social responsibility. ‡ Terence M. Considine Senior Fellow in Law and Economics, and Associate Director of the Program on Corporate Governance, Harvard Law School. This Article is part of the Project on Stakeholder Capitalism of the Harvard Law School Program on Corporate Governance. Responses to this Article by Einer Elhauge (Harvard Law School), Colin Mayer (Oxford University), and Aneil Kovvali and William Savitt (University of Chicago and Wachtell Lipton, respectively), are expected to be published in issue 7 of the Cornell Law Review, Volume 106, 2021.
    [Show full text]
  • Thrivin December, 2014
    December 2014 HERI ZA KWANZAA! Happy Kwanzaa! Kwanzaa is a African American people, as well as Africans throughout the celebration of family, community and world African community. These values are called the Nguzo culture which is observed from December Saba, meaning the Seven Principles - in Swahili. The Nguzo 26 – January 1st of each year. Kwanzaa Saba, developed by Dr. Karenga, stands at the heart of the celebrates a cultural message focusing on origin and meaning of Kwanzaa and can be considered the the best of what it means to be African and building blocks for community and growth. human in the fullest sense. The theme for Kwanzaa this year is “Practicing the Culture As we celebrate Kwanzaa, let’s focus on the Seven Principles of Kwanzaa: Living the Seven Principles.” and live them to the fullest extent. The Seven Principles are: Umoja – Unity; Kujichagulia – Self Determination; Ujima Kwanzaa was created to introduce and reinforce the seven – Collective Work & Responsibility; Ujamaa – Cooperative basic values of African culture in an effort to contribute to Economics; Nia – Purpose; Kuumba – Creativity; and Imani building and reinforcing family, community and culture among – Faith. Did you know that December crashes is about four times higher at night is National Drunk & Drugged Driving than during the day. Prevention Month? Driving and consuming alcohol may be considered All of us must do our part to help adult freedoms, but they should not educate and inform our loved ones mix at the same time. Yet, many about the danger of impaired driving people put aside good judgment and the importance of selecting a during major holidays like Christmas designated driver before attending and New Year’s Eve to do just that.
    [Show full text]