Reply to thread

Message

<blockquote data-quote="Remathilis" data-source="post: 9220438" data-attributes="member: 7635">There was a time in the last 100 years where maximizing shareholders was far lower on the priority list. According to Robert Evans &quot;In 1943, Johnson and Johnson CEO authored a company Credo that spoke to a lot of people in big business in the United States. He argued that the company's first responsibility was to its customers. Its second was to its employees, who he said deserved a sense of security with just management and short working hours and fair wages. It's next duty was to management, and then last and least it headed duty to its investors and shareholders.&quot;You can thank CEOs like Jack Welch for they did to change that. They put shareholders first and what we see now is the bi-product of that. I'm not sure you can ever put the smoke back in the bottle, and this is far bigger than Hasbro, but it's worth noting that corporate culture did, in theory, try to do right by its people first. Of course, history is littered with unscrupulous companies who didn't, but they were the enemy as opposed to the norm.</blockquote>

[QUOTE="Remathilis, post: 9220438, member: 7635"] There was a time in the last 100 years where maximizing shareholders was far lower on the priority list. According to Robert Evans "In 1943, Johnson and Johnson CEO authored a company Credo that spoke to a lot of people in big business in the United States. He argued that the company's first responsibility was to its customers. Its second was to its employees, who he said deserved a sense of security with just management and short working hours and fair wages. It's next duty was to management, and then last and least it headed duty to its investors and shareholders." You can thank CEOs like Jack Welch for they did to change that. They put shareholders first and what we see now is the bi-product of that. I'm not sure you can ever put the smoke back in the bottle, and this is far bigger than Hasbro, but it's worth noting that corporate culture did, in theory, try to do right by its people first. Of course, history is littered with unscrupulous companies who didn't, but they were the enemy as opposed to the norm. [/QUOTE]

Verification