Stakeholder Capitalism Gets a Report Card. It’s Not Good.

Stakeholder Capitalism Gets a Report Card. It’s Not Good.

The Coronavirus OutbreakliveLatest UpdatesMaps and CasesVaccine TrackerMothers Working RetailFlu Shots and CovidThe pandemic and the movement for racial justice have tested corporate pledges to elevate social concerns alongside shareholder interests. A new study finds companies are failing to follow through.Credit...Jack TaylorBy Peter S. GoodmanMarc Benioff, chief executive of the technology giant Salesforce, presents himself as an evangelist for stakeholder capitalism: the idea that companies must elevate the interests of workers, the environment and local communities alongside shareholders.He has written books and opinion pieces arguing that profits are not sufficient; companies must do good. He attends the World Economic Forum in Davos, Switzerland, a hotbed for such thinking. And his company was among the 181 members of the Business Roundtable, a club of C.E.O.s, that last year promised to broaden its