Baupost Group CEO Seth Klarman gave a speech calling for a shift away from what he sees as toxic short-termism.
He believes this is the result of the theory of shareholder primacy, and he thinks other stakeholders, like employees and the community, need to be considered for the sake of long-term growth.
He called for companies to reconsider their actions as society's calls for change become increasingly stronger.
This article is part of Business Insider's ongoing series on Better...
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