• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
Catholic Review

Catholic Review

Inspiring the Archdiocese of Baltimore

Menu
  • Home
  • News
        • Local News
        • World News
        • Vatican News
        • Obituaries
        • Featured Video
        • En Español
        • Sports News
        • Official Clergy Assignments
        • Schools News
  • Commentary
        • Contributors
          • Question Corner
          • George Weigel
          • Elizabeth Scalia
          • Michael R. Heinlein
          • Effie Caldarola
          • Guest Commentary
        • CR Columnists
          • Archbishop William E. Lori
          • Rita Buettner
          • Christopher Gunty
          • George Matysek Jr.
          • Mark Viviano
          • Father Joseph Breighner
          • Father Collin Poston
          • Amen Columns
  • Entertainment
        • Events
        • Movie & Television Reviews
        • Arts & Culture
        • Books
        • Recipes
        • CR Kids
  • About Us
        • Contact Us
        • Our History
        • Meet Our Staff
        • Photos to own
        • Shop
        • CR Media platforms
        • Electronic Edition
        • Subscribe
  • Advertising
  • Kids
  • News Tips
  • Radio/Podcasts
        • Catholic Review Radio
        • Protagonistas de Fe
        • In God’s Image
        • “In Charity and Truth” with Archbishop William E. Lori
  • Subscribe
Pope Francis greets members of the Latin American Business Council during an audience at the Vatican June 1, 2023. (CNS photo/Vatican Media)

Profit-at-all-costs is not a good business model, pope says

June 2, 2023
By Catholic News Service
Catholic News Service
Filed Under: Feature, News, Vatican, World News

VATICAN CITY (CNS) — Business leaders must fight the temptation to seek financial gain above all else and instead promote a “culture of encounter” that improves their balance sheet and the lives of their employees and communities at the same time, Pope Francis said.

“It is essential to approach work from a culture of encounter. The values of this culture can enable the world of business to defend itself from the shadows of evil that invade us when profit at all costs distorts our relationships, to the point of degrading or even enslaving people,” the pope told business leaders from Latin America June 1.

The Latin American Business Council was holding its annual meeting in Rome May 31-June 2 and used the opportunity to meet with a variety of Vatican officials to discuss social themes that, Pope Francis said, “affect us all, like work, migration, climate change and integral human development.”

The culture of encounter, Pope Francis told them, is an expression of the search for the common good and it becomes concrete in “the many daily efforts and sacrifices that your companies make to get ahead and to train and update their workers, avoid conflicts and avoid the pain of letting someone go.”

The pope prayed the business leaders would be inspired and strengthened by their faith as they “face the sea of the world and the storms that arise,” helping one another and working to create a better world.

Read More Vatican News

Sacred music must be ‘dignified,’ reflecting the mystery being celebrated, pope says

San Antonio priest laicized, excommunicated after calling Popes Francis and Leo ‘usurpers’

Pope offers prayers for Zimbabwe ferry disaster as death toll passes 90

Pope calls for end to West Bank violence, pursuit of two-state solution

Pope ‘saddened’ by devastation in Indonesia following earthquake

True beauty found in enduring love, which ‘ennobles and lifts us up,’ pope says on feast of Assumption

Copyright © 2023 Catholic News Service/U.S. Conference of Catholic Bishops

Print Print

Primary Sidebar

Catholic News Service

Click here to view all posts from this author

For the latest news delivered twice a week via email or text message, sign up to receive our free enewsletter.

| MOST POPULAR |

  • Fire damages building used for youth activities at St. Joseph, Fullerton
  • Hispanic leaders learn to build a stronger ministry together
  • Pope Leo night at White Sox baseball park maxes out stadium capacity
  • Sainthood cause takes step forward for Rhoda Wise, an Ohio housewife, mystic and stigmatist
  • San Antonio priest laicized, excommunicated after calling Popes Francis and Leo ‘usurpers’

| Latest Local News |

Hispanic leaders learn to build a stronger ministry together

Radio Interview: An American Martyr – The Legacy of Blessed Stanley Rother

Values, service highlight nursing career spanning 59 years

Fire damages building used for youth activities at St. Joseph, Fullerton

Redemptorists’ Baltimore Province will become part of new North American province

| Latest World News |

Ahead of beatification, the women behind Archbishop Sheen’s missionary work remember hidden labor

Why some Catholic schools are going low-tech in the age of AI

Sacred music must be ‘dignified,’ reflecting the mystery being celebrated, pope says

Threatened harvest and daily harassment rattle West Bank’s last Christian village

Florida Catholic bishops push back on state AG’s threat to participation in school voucher program

| Catholic Review Radio |

Footer

Our Vision

Real Life. Real Faith. 

Catholic Review Media communicates the Gospel and its impact on people’s lives in the Archdiocese of Baltimore and beyond.

Our Mission

Catholic Review Media provides intergenerational communications that inform, teach, inspire and engage Catholics and all of good will in the mission of Christ through diverse forms of media.

Contact

Catholic Review
320 Cathedral Street
Baltimore, MD 21201
443-524-3150
mail@CatholicReview.org

 

Social Media

  • Facebook
  • Instagram
  • Twitter
  • YouTube

Recent

  • A blessing on the road
  • Ahead of beatification, the women behind Archbishop Sheen’s missionary work remember hidden labor
  • The abnormal abortion
  • Why some Catholic schools are going low-tech in the age of AI
  • Sacred music must be ‘dignified,’ reflecting the mystery being celebrated, pope says
  • Threatened harvest and daily harassment rattle West Bank’s last Christian village
  • Hispanic leaders learn to build a stronger ministry together
  • Florida Catholic bishops push back on state AG’s threat to participation in school voucher program
  • The day O.J. Brigance testified that every life has value

Search

Membership

Catholic Media Assocation

Maryland-Delaware-DC Press Association

The Associated Church Press

© 2026 CATHOLIC REVIEW MEDIA, ALL RIGHTS RESERVED