Stakeholder Capitalism Starts to take Hold in Fintech

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

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