The idea of stakeholder -- as opposed to purely shareholder -- driven capitalism seems to be catching on, at least as a topic of discussion given so much that has gone wrong over recent years. I wrote on the topic for Fool.com today in Common-Sense Capitalism. To my way of thinking, responsible and ethical business conduct with a focus on workers and customers as well as shareholders is just good, old-fashioned common sense, but in recent times we seem to have gotten away from that for the supposed drive to maximize shareholder value in the short term. Too many companies kind of miss the plot (and can ultimately destroy themselves and shareholder value over the long term) this way. I think more of a focus on all stakeholders is common sense that should be much more common than it has been for too long.
I hope everybody has a great weekend!