Every leader needs to read this letter

This letter to CEO’s (written by Larry Fink, CEO of BlackRock) is worth a read.

My favorite bits:

Purpose is not the sole pursuit of profits but the animating force for achieving them.

Profits are in no way inconsistent with purpose ā€“ in fact, profits and purpose are inextricably linked.

When a company truly understands and expresses its purpose, it functions with the focus and strategic discipline that drive long-term profitability.

I wrote something similar in a blog post entitled, Why Growth and Profit are Required for a Purpose-Driven Company.