Klaus Schwab, who created the World Economic Forum (WEF) and its annual event at Davos, says: ‘The company is not just an economic unit: it’s a social organism, which has to play its role inside society.’ Schwab firmly believes stakeholders are crucial to keeping the economy and our planet healthy. For decades, he has encouraged CEOs to look for ways to support employees and communities and protect the Earth – not just serve shareholders by increasing profit year after year.
This philosophy is not embraced by everyone and, in recent months, there has been a backlash against stakeholder capitalism, which . . .
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