State treasurers to Business Roundtable: focus on shareholders not woke activism

A group of more than a dozen state treasurers sent a letter to the Business Roundtable on Wednesday urging the group of leading corporate executives to restore their definition of a corporation's purpose to focusing on shareholders, rather than a broader definition they argue opens the door to woke activism.

The group of 14 state treasurers said in a letter to the Business Roundtable obtained by FOX Business that its 2019 move to redefine the purpose of a corporation beyond providing value...