Fast Company | PayPal’s CEO Dan Schulman: “Capitalism needs an upgrade.”
Stakeholder capitalism has become both a flashy buzzword and a lightning rod for political division. Despite these headwinds, many business leaders believe it’s an important framework for navigating our current moment. They argue that companies exist to serve a range of stakeholders—including consumers, employees, society, and the planet—rather than just growing their stock prices and the bottom line. But in recent years, this mentality—and the so-called ESG (environmental, social, and governance) policies it’s birthed—have been increasingly politicized.
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