I have been waiting for this change for years. Shareholders are only 1 of many stakeholders, an important one, but there should be a better balance. No, money is not everything.<p>>>While the statement is a welcome repudiation of a highly influential but spurious theory of corporate responsibility, this new philosophy will not likely change the way corporations behave.<p>While I think that many of the old established companies will not change their ways, new companies will be looking at the new definition and be influenced by it. We should all welcome the change! It's a big change going forward.<p>>>The only way to force corporations to act in the public interest is to subject them to legal regulation.<p>Yes, that's one way but public pressure and new thinking in the education system is the best way to proceed. Pressuring companies thru the legal system is just one way to enact change but not always the best. Companies that are forced into something they don't want to do will find ways to hack the system so they don't have to do anything. By enacting change organically we get better outcomes long term.