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Alex Edmans Why Businesses Exist Summary

153 Words1 Pages
Alex Edmans starts off with question why businesses exist; basically, businesses exist to earn along with increase profit. Alex Edmans found that the 100 best companies to work for in America; nevertheless, delivered stock returns that beat their peers by 2-3% per year over 26-year period. Companies that treat their workers better always do better. Costco for example, they pay their workers $20 dollars per hour, which is double the national average of $11 dollars. Edmans explains that as investors we have the power to put our money into companies that would reflect what we would like to see in this world. Investors can both do good; nevertheless, do well. Businesses exist to serve a purpose; therefore, by doing so and only by doing so will
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