Iconic hedge fund billionaire Seth Klarman explains why traditional business models are broken and o

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...