Is This True? – “Corporations Have No Duty Beyond Profit”


Today is “video recommendation day.” Bob Morris has recommended three videos (Be sure to watch Bob’s first recommended video – it is short, and it is a hoot!)

Here’s one more.

To be honest, it took me two listens to fully “get” the answer to the question raised.  But, in this brief (2 minute) video, Lloyd Blankfein, CEO and Chairman of Goldman Sachs, makes it clear that, in his view at least, “Corporations Have No Duty Beyond Profit” as the ultimate outcome. 

Take a look.

And then, ask yourself — is this right?  Or, is it possible that maybe our society needs to tackle this question pretty seriously in a prolonged national conversation?

Leave a comment