Is The American Dream Fraying? What We Can Learn From The Finance Industry

Nearly 80% of Americans have a negative perception of big business. High-profile scandals, stagnant wages, harmful products, and poor working conditions are all to blame. That’s why the Business Roundtable made waves in August when it published a revised mission statement, signed by 181 prominent CEOs. 

According to the new statement of purpose endorsed by financial firms including JPMorgan Chase & Co., BlackRock, Inc., and Vanguard Group, companies have a duty that goes beyond delivering profits to shareholders. They also have a responsibility to invest in their employees, deliver value to customers, deal fairly with suppliers, and support their communities.

Jamie Dimon, CEO of JPMorgan Chase and chairman of Business Roundtable, expressed his support by saying, “The American dream is alive, but fraying. Major employers are investing in their workers and communities because they know it is the only way to be successful over the long term.” 

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