Larry Fink on stakeholder capitalism

Stakeholder capitalism is not about politics.  It is not a social or ideological agenda.  It is not ‘woke.’  It is capitalism, driven by mutually beneficial relationships between you and the employees, customers, suppliers, and communities your company relies on to prosper.

~ Larry Fink, 2021 BlackRock shareholder letter, "No need to be ‘woke,’ but BlackRock’s Fink says CEOs need to address societal issues," MarketWatch.com, January 18, 2022

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

Jeff Deist on price discovery

The purpose of capital markets is price discovery.  They help investors and businesses allocate capital to its best and highest uses, however imperfectly and haphazardly.  Short traders, long traders, so-called insider traders, futures traders, derivative contracts, speculators, gamblers, colluders, and even naked short sellers all serve this imperfect process.

~ Jeff Deist, "The GameStop Saga Unravels Stakeholder Theory," Mises.org, February 3, 2021