John Chirico on the growth of stakeholder capitalism

Thirty years ago, the goal of a company was to serve shareholders.  That’s evolved.

Everyone is trying to be mission-driven these days.  Some companies are founded on that mission.  Others have come around to it, and others are not as authentic.

~ John Chirico, co-head of North American banking, capital markets and advisory at Citigroup Inc. "For Chobani, Allbirds, Other Coming IPOs, Greed Is Out. Do-Gooding Is In.," The Wall Street Journal, September 7, 2021