Earlier this year, the business community received a wake-up call issued with all of the might that $6 trillion can muster.
The call came from Laurence Fink, the founder and chief executive of the global investment firm, BlackRock, and was delivered as a letter to the CEOs of the world’s largest companies.
Aptly titled, “A Sense of Purpose,” the letter informed business leaders that driving record profits is no longer enough to garner BlackRock’s support. Companies must also positively contribute to society, or in Mr. Fink’s words, “Companies must benefit all of their stakeholders, including shareholders, employees, customers, and the communities in which they operate.”
