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• Walmart CEO Doug McMillon swill become chairman of the Business Roundtable, a CEO group made up of executives from virtually every major US corporation, starting a two-year term on January 1, 2020. He succeeds Jamie Dimon, CEO of JPMorgan Chase.

The Business Roundtable got a lot of attention recently when a large majority of its members signed on to a document arguing that shareholder returns cannot and should not be the only metric for a company’s success, and that businesses have broader societal, cultural, environmental and political responsibilities that must come into play. In other words, values can and should mean as much as value.

McMillon signed that letter, and now he runs the group. Be fascinating to see how it plays out in practice … and in Bentonville.
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