But if the Roundtable is really concerned about the undue

That really stressed me out because I wanted a vaginal birth. I don know why doctors use scare tactics. Luckily I had amazing nurses who advocated for what I wanted and thought was important. But if the Roundtable is really concerned about the undue influence of Wall Street’s short term traders on company behavior, it should reconsider its 30 year old decision to declare maximizing value for shareholder as the sole purpose of a corporation. This mantra, which is now taught in every business school pacsafe backpack, repeated in every earnings call and annual report and waved around by every activist investor, has no basis in law or logic or any credible theory of how a company should be managed. And it is now the source of most of what has gone wrong with American capitalism from the accounting fraud to the shabby treatment of workers and customers, from the orgy of share buybacks to the never ending string of unproductive mergers and acquisitions..

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