good morning.
There’s at least some evidence that it probably is, at least if Americans are the judges. % of Americans said they were “shareholders”. However, he is down from 69% six years ago. Employers are also the top priority for 31%, up from just 9% six years ago. Yet polls show that only 49% of respondents say large US companies have a positive impact on society as a whole. And only 37% say they have a positive impact on the environment.
Just Capital also looked at the performance of corporate purpose signatories compared to other companies ranked annually in the Russell 1000. the answer is pretty good. BRT Signer:
– Paying an estimated 3.2% more workers a living wage.
– Provide 3.5 hours of career development training.
– 26% reduction in workplace safety incidents per hour worked.
– Five times more likely to align climate commitments with science-based target initiative goals.
– 3.2% more likely to have disclosed a pay equity analysis by gender and/or race.
By no means perfect, but better. Learn more about the Just Capital poll just released this morning here. Learn more about Business Roundtable signer analysis here. More news below.
Alan Murray
@alansmurray
alan.murray@fortune.com
top News
opioid order
On Wednesday, a federal judge in Ohio ordered CVS, Walgreens and Walmart to pay two counties in the state $650.5 million for their companies’ role in the opioid crisis. In November, a jury found that the pharmacy chain continued to dispense prescription pain relievers despite blatant signs that patients were abusing the drug. It was the first time they had faced financial penalties for how they contributed to the epidemic. Stated. new york times
Double-digit
UK inflation rose to a 40-year high of 10.1% in July. This was the highest among her G7 countries and beat economists’ expectations of a 9.8% rise. Food inflation hit a 20-year record of 12.7% last month as prices for bread, dairy, meat and vegetables surged. The Bank of England is expected to raise interest rates by another 0.5% at its next meeting, driven by sharp inflation and steady wage growth. The BOE expects inflation to reach 13% in the fourth quarter and remain high next year. financial times
bye bye beach
Business leaders trying to bring employees back to the office give examples such as showing up at the office in favor of long weekends at vacation homes. This is a role reversal from the past, when the boss worked from a seaside or country retreat and his subordinates worked hard at their desks. But the management’s personal appeal doesn’t seem to work. Months of remote work have forced employees to zoom in from anywhere. Especially on dog days in the summer. wall street journal
around the water cooler
US office workers prepare for their Tuesday-Thursday commute, according to Bloomberg
A big rally in stocks from a bear market is like the bounce of a dead cat, according to UBS.
Have you been vaccinated against polio? Some of Her Gen Z and Millennials Are Looking to Moms and Dads for Answers by Alexa Mikhail
Activision Blizzard accused by Chloe Taylor of trying to stop workers from communicating about wages and working conditions
Young people are nearly out of traditional TV, but older viewers don’t seem to be happy by Tristan Bove
Monkeypox is accelerating rapidly, and the sole approved vaccine maker admits he’s not sure he can keep up with demand, according to Bloomberg.
of this edition CEO Daily Edited by Claire Zillman.
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