Welcome to Axis ProRata, where we aim to get you smarter on the collision of tech,

business, and politics. I'm Dan Permac. On today's show, yield curve confusion, and a startup

seeks to take on America's housing crisis. But first, CEOs as America's newest politicians. So in 1997,

the Business Roundtable issued a mission statement that said the paramount duty of company management

is to its shareholders. Today, though, the group, which is comprised of 188 of the country's

top CEOs, came out with a new mission statement. Just 300 words long with the word

shareholders, not mentioned until word 250. Instead, this one talks about how companies have a

commitment to all stakeholders, including customers, suppliers, and employees. It also says

companies should foster diversity and inclusion, support local communities, and protect the

environment. It's a big shift, which reflects how America's CEOs have, support local communities, and protect the environment.

It's a big shift, which reflects how America's CEOs have, in many ways, become the country's

newest class of politicians, trying to lead in areas where they see elected leaders abdicating

responsibility, or at least efficacy. Now, corporations may or may not be people, but the CEOs

are, and they're driven, if not by

personal politics, then by an understanding that they need every advantage possible in a very

tight labor market, and expressing social solidarity can help them attract the best and brightest.

Moreover, they realize that their way of life and way of business is under a very powerful microscope right now.

So to be sure, this new mission statement is controversial.

Axios' Jim Vanda High writes how many corporate general counsel tried to get their CEOs not to sign on.

But 181 of the Business Roundtable's 188 members did so anyway.

In 15 seconds, we'll go deeper with Fortune

Magazine's Alan Murray. But first, this. There is more news out there than ever before,

...