Posts Tagged ‘stockholders’

David Packard: Profit Stockholders

Posted by admin on Saturday, August 13, 2022

Meaning of David Packard Money Quote: saying a business has to do more than to be profitable – it owes employees a debt. David Packard said:
 
A company has a responsibility beyond making a profit for stockholders; it has a responsibility to recognize the dignity of its employees as human  Quote
 

“A company has a responsibility beyond making a profit for stockholders; it has a responsibility to recognize the dignity of its employees as human beings, to the well-being of its customers, and to the community at large” — David Packard

 

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In this quote, David Packard seems to be expressing the view that businesses have ethical and social responsibilities that extend beyond just maximizing profits for shareholders. He argues companies should also recognize the inherent worth and dignity of employees as human beings with needs beyond their jobs.

Additionally, Packard believes businesses have a responsibility to consider the well-being of customers by producing quality products, and to give back to the broader community in some way.

This suggests Packard advocates for a concept of corporate social responsibility where companies acknowledge obligations to stakeholders like employees, customers and society, not just shareholders. He implies this holistic perspective is important for businesses to have a positive impact beyond the bottom line.

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