By Patrick Decker, President and CEO, Xylem Inc.

Two years ago, this week, Business Roundtable got a lot of attention for making what might have seemed, to some, a rather obvious assertion: that corporate purpose and responsibility don’t end with shareholders. Obvious or not, it sparked plenty of comment. Was shareholder primacy — long taught in business schools around the world — suddenly being replaced with some new-fangled stakeholder capitalism?

Business Roundtable’s “Statement on the Purpose of a Corporation” wasn’t the first declaration that big business should operate in the interests of more than just the shareholding few. But it…


By Cathy Schultz, Vice President, Tax and Fiscal Policy, Business Roundtable

As you may have seen, there’s a new Reuters piece circulating claiming that “U.S. companies pay less income tax than their overseas competitors and would likely continue to do so under a tax hike proposed by President Joe Biden.” This is not true. Here are four reasons why:

1. The piece begins with — and its argument heavily relies on — the claim that the “U.S. tax code is unusually generous.” However, when one compares tax systems of other countries, the United States is the only one with a…


Q2 CEO Economic Survey Shows ‘Economy Is Back on Track,’ Policies Key to Bolstering Economic Recovery, Sustained Growth & Jobs

Business Roundtable yesterday released its Q2 2021 CEO Economic Outlook Survey, which signaled that the U.S. economy is back on track and revealed record plans for hiring in the wake of the COVID-19 pandemic. During a media briefing on the survey results, Roundtable President & CEO Joshua Bolten and Gregory Hayes, Chairman & CEO of Raytheon Technologies Corporation and Chair of the Business Roundtable Tax and Fiscal Policy Committee, discussed the economic outlook and urged lawmakers to advance policies that…


By Lance Fritz, Chairman, President & CEO, Union Pacific, Chair of Business Roundtable Trade and International Committee

Jacob Wallenberg, Chair of the Board of Investor AB, Chair of the European Round Table for Industry (ERT) Trade & Market Access Committee

Later this week, the leaders of the United States and the European Union will meet in Brussels to forge consensus on a common agenda and boost transatlantic relations to better meet a range of significant challenges facing the world.

The transatlantic economy is the most prosperous intercontinental relationship in the world — generating $5.6 trillion in sales each year and…


By George Oliver, Chairman and Chief Executive Officer of Johnson Controls and Chair, Business Roundtable Energy and Environment Committee

As Earth Week 2021 comes to a close, I wanted to share some reflections on how together leaders in government and business are leading the way to a sustainable, lower carbon future.

Today, I participated in the White House virtual Leaders Summit on Climate, which brought together leaders of the world’s major economies and other stakeholders for a dialogue on ways to strengthen collective efforts to address the climate crisis. I was honored to represent both the company I lead, Johnson…


By Dane Linn and Cheryl Oldham

The pandemic’s impact on Americans’ daily lives is so pervasive that it’s difficult to grasp how deep and long-lasting its effects will be. Yet when it comes to our nation’s students, we’re already seeing the adverse impacts, particularly on their educational outcomes. The damage to students’ academic foundations isn’t just a problem today — without data-driven interventions, it will hamstring our workforce for decades to come.

Research on COVID-era virtual learning on students’ academic performance points to troubling learning loss and potential implications for individuals’ long-term success. A recent McKinsey and Co. study found…


This year in particular has shown that businesses can’t operate in isolation. We can’t just be focused on efficient production, sales growth and bottom line results. We must contribute more than jobs, products and returns to society, and people — rightfully — expect us to step up even more when times are tough. We need to help our communities and customers. Support our partners and suppliers. Look after our employees. Deliver for our investors. Care for our planet. And importantly — as best we can — we should strive to serve all our stakeholders in a thoughtful and balanced way…


On August 19, 2019, Business Roundtable CEOs — the leaders of some of the largest U.S. companies — signed a new Statement on the Purpose of a Corporation that committed companies to serve not only their shareholders, but also to deliver value to their customers, invest in employees, deal fairly with suppliers and support the communities in which they operate. The CEOs who signed the updated Statement believed then, as they do now, that considering the interests of all of their stakeholders, not just shareholders, is the best approach for securing their companies’ long-term success.

Consistent with the Statement, Business…


It’s been a year since the Business Roundtable took a bold position in redefining the purpose of a corporation, inviting businesses to not only serve shareholders but to create value for all stakeholders. Vistra is proud to be among the original signatories to this pledge. For us, it was a no-brainer.

I firmly believe companies have an obligation to be part of the solution — whether we’re talking about social equity, climate change, or navigating a pandemic. We have a responsibility to both make sure our own houses are in order and to reach out beyond the walls of our…


How have you met the commitments outlined in the Statement on the Purpose of a Corporation in 2020?

The challenges presented by 2020 created a multitude of opportunities for companies like ours to demonstrate their commitment to Purpose and to Stakeholder Capitalism. First and foremost, our primary commitment has been to the health of our own employees and doing everything we can to ensure their safety. We have also been explicitly focused on doing our part to help governments and communities mitigate the spread of the virus.

Earlier this year, we announced a +$10 million program to support pandemic response…

Business Roundtable

Business Roundtable is an association of CEOs of leading U.S. companies working to promote sound public policy and a thriving U.S. economy.

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