From Aspen Ideas <[email protected]>
Subject Are Companies Living up to the Corporate Purpose Hype?
Date August 23, 2019 5:47 PM
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Chip Bergh, president and CEO of Levi Strauss & Co., says his company is
committed to driving profits through principles.

More and more, companies are embracing the concept of corporate purpose,
but are they actually walking the talk? Chip Bergh, CEO of Levi Strauss &
Co., [3]says his company has been taking a stand for decades. “We
desegregated our factories in the South ten years before it was the law of
the land…It’s not just about making a buck and returning dollars to
shareholders. It’s also about making a difference in communities and the
world,” he says. Companies are increasingly pumping up purpose as
Americans’ perceptions of big business have shifted. [4]At Aspen Ideas,
Bergh and PayPal president Dan Schulman explained how the corporate
landscape is being remade.

[5][71c471261a811701378961eee12f55b6.jpeg] Prioritizing Worker Needs

This week, the Business Roundtable, a group of top CEOs, moved away from
shareholder profits and prioritized worker needs in what amounts to a new
mission statement. [6]The declaration, from the group of nearly 200
leaders, talks about investing in employees, protecting the environment,
and more. Some members of the Roundtable discussed business on the Aspen
Ideas stage in June. Hear from [7]Dennis Muilenburg, [8]Tom Fanning, and
[9]Oscar Munoz.

[10][cb4fb7323361ea7f801228f1e808604c.jpeg] Why Should Business Leaders
Care about Health?

Whether they’re large, small, or part of the gig economy, companies need to
start thinking about how to better support their employees’ health. At
Aspen Ideas: Health, [11]leaders in the health industry talked about how
companies can step in to assist workers who are increasingly in dire health
and financial straits. It should be a siren call to companies, they say, to
realign their business goals to enhance well-being.

— QUOTED AT ASPEN IDEAS —

[12][e05141903054987380c542c5ed074b2a.jpeg]

“There’s a call to arms in the business community to rethink purpose, to
warn against the dangers of short-termism.” — Mariana Mazzucato, [13]The
Value of Everything

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[15] [16][17][18] [19]

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