'We're not going to take a company public unless there's at least one diverse board candidate,' Goldman Sachs CEO David Solomon said about how the bank is prioritizing providing returns for shareholders alongside using its platform to make changes.
Key Points
His comments come as consumers have increasingly called on businesses to play a larger part in tackling societal issues such as climate change and global poverty. Stakeholder capitalism, or the idea that companies have a greater purpose besides just providing returns for shareholders, has hit a "tipping point," Salesforce chairman and co-CEO Marc Benioff said Tuesday.
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