I'm notsurethatthereismuchevidencethatcorporatebehaviorsgotmateriallyworseinthelast 5, 10 15 years.
過去5年、10年、15年で企業行動が著しく悪化したという証拠はあまりないと思います。
Thesethingstendtobeprogressiveovertime, but I thinkourabilitytoseeittospotittoe, holdittoaccounttoe, haveconversationsaboutitasconsumersaregreaterthanit's everbe.
Andthat's why I findthewordsometimesquiteunhelpfulinarrivingattherightdecision.
だからこそ、正しい判断にたどり着くためには、時として非常に役に立たない言葉だと思うのです。
But I thinkthatthechangesprofound, and I thinkthatthisconversationisincrediblyimportanton.
しかし、私はその変化が深遠だと思うし、私はこの会話が信じられないほど重要であると思います。
I don't recognizetheideathatcorporationsexiststomaximizeprofit.
企業が利益を最大化するために存在しているという考えがわからない。
I thinkthatinthelongrun, ifyoudothat, youwillnotmaximizeprofityoubecauseyouwilllosetheabilitytoacteitherthroughthegeneralconsentofconsumersorthroughlegislation.
We'veseenMAWRcorporatelegislationinthelast 10 to 15 yearsthanintheprevious 150 yearsnow, ifthatdoesn't tellyouthattheLegislatureandpoliticianshavekindofworkedouttheonlypeopleheldinloweresteemthantherebusinesspeople, sopickingonbusinesspeopleisnot a badthingtodoifyou're a politicianandheldinprettylowesteemis a startingpointtomysenseisthatifyouifyourun a ofyourCEOof a companylikeyouweresayingspirits, thenyouareinvolvedonalmostexplicitlyinrecognizingthatthereis a balancetobestruckbetweenthedemandsofinvestorstomaximizeprofitbutalsoyourloyaltythioyourcustomersyourloyaltytoyourworkers, loyaltytothecommunitiesthatyouserve.
Butin a publiccompany, investorscombinedsellthesharesatalmostnofrictioncoston.
しかし、公開会社では、投資家はほとんど摩擦コストで株式を販売することを組み合わせた。
Ofcourse, theycomebythemselvesto a positiontoe, have a view, whetheritbethroughaskingfor a seatontheboardorultimatelybuyingmorethan 50% ofthecompanyandthereforecontrollinganddirectingit.
Clearlywhenyouhave a dispersedshareholderbase, aswedidinST, which 120 or 30,000 shouldersareyougonnahaveeveryviewyoucouldpossiblyhaveintheroom, butthat's whereitcomesbacktocommunicationondemonstratingthedecisionsthatyou'retakingareintheroundforthewellbeingofthecorporation, forweannouncedoursponsorshipoftheParalympics.
I couldn't disagreemorebecauseultimately, thedecisionstodaythathavethebiggestdeltaforcorporationsmawrthanhaseverbeentruearethosethathavetakenwherethenumberscan't takeitforyou.