Stay updated with breaking news from Milestone Asset. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
/PRNewswire/ -- Lionheart Strategic Management LLC (Lionheart), an affiliate of Fisher Brothers that manages capital on behalf of third party investors,...
/cloudfront-us-east-2.images.arcpublishing.com/reuters/46LSTC23HNIWPCVFNDVCMOY24Q.jpg)
Japan might be said to have invented stakeholder capitalism. Its companies have long proclaimed an allegiance to the “five joys” – namely employees, customers, suppliers, society, and last of all, shareholders. The relatively poor returns from Japanese stocks in recent decades stem largely from this disdainful attitude toward equity owners. By contrast, American companies put shareholder interests first and delivered far superior returns. Now that the United States is leaning towards a form of stakeholder capitalism, Japan is moving in the opposite direction.