Writing in Forbes, Founder and CEO of the Financial Health Network, Jennifer Tescher discusses how stakeholder capitalism has helped to reshape the direction of companies; it has also started to take hold in fintech with companies like LendingClub changing how they operate by sending proceeds of a loan directly to a creditor in exchange for a lower rate; pressure to grow still exists, especially for early stage startups who are eager to attract venture capital; investors can still operate in the grow at all costs way which forces companies to make tough choices as to what matters most for their business and society; a shift has certainly occurred in recent years, Goldman Sachs says they will not take a company public unless there is at least one female director and Google has felt the pressure of employee walkouts; investors and customers are helping to change the narrative but more work is needed. Forbes
