Bloomberg, August 25, 2019: Patagonia, Ben & Jerry’s challenge Dimon-Led Roundtable
Outdoor-apparel retailer Patagonia Inc. and 29 other firms challenged multinational companies in a New York Times advertisement Sunday to “walk the walk” and change their legal incorporation status if they are serious about a new way of doing business that treats all stakeholders equally.
The full-page letter was a response to last week’s pledge by 181 members of the Business Roundtable to endorse a philosophical redrawing of the purpose of a corporation to serve all constituents in society, not just investors. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon is the chairman of the roundtable.
