Elizabeth Warren Demands Accountability From 181 CEOs And Calls Their Promises ‘Empty’ [Forbes]
JP Morgan Chase & Co. (JPM)
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Source: Forbes
Elizabeth Warren called out Jamie Dimon, chairman and chief executive officer of JPMorgan Chase and... [+]other Roundtable CEOs for not adhering to their promises. Photographer: Tim Boyle/Bloomberg© 2015 Bloomberg Finance LPElizabeth Warren called out CEOs who claimed they were going to put the interests of their employees and community in line with those of shareholders. Warren claims they haven’t lived up to their commitments, and she’s demanding answers.Warren’s issue is with promises made by the theStatement on the Purpose of a CorporationAt the time, this commitment wasaccompaniedNow Elizabeth Warren believes these CEOs are all talk and no action. Not only are they not adhering to their commitment to the community and their employees, Warren thinks they’re taking actions that hinder these stakeholders. In aletterAs an example of how the corporations are still putting shareholders ahead of other stakeholders, Warren called the CEOs out for contributing to systemic racism instead
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