Birdwatch Note Rating
2023-10-02 03:52:35 UTC - HELPFUL
Rated by Participant: EFC189B52A28A4461C92950CAAB7EA4FB2BB57F626CFC1E66C7547F64473AAA3
Participant Details
Original Note:
At no point in the clip does Klaus Schwab say that. He is talking about Stakeholder Capitalism. Under this system, a company's purpose is to create long-term value and not to maximize profits and enhance shareholder value at the cost of other stakeholder groups. https://www.investopedia.com/stakeholder-capitalism-4774323
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