Stakeholder capitalism is the idea that businesses have a responsibility to groups other than their shareholders. But is that really capitalism? Why are so many businesses embracing this idea? And, given that stakeholders often have conflicting views, can it work in practice?
Lizzie and Ayesha are joined by Alison Taylor, the director of Ethical Systems at NYU’s Stern School of Business, and Richard Oldfield, PwC’s global markets leader, to discuss what stakeholder capitalism means for businesses and for society.
10/31/22 • 26 min
Take on Tomorrow - What’s the point of stakeholder capitalism?
Transcript
What’s the point of stakeholder capitalism?
Take on Tomorrow
Alison Taylor: So that PR-led strategy, where it’s just talk and there’s no action. Really, you’re getting all the downsides of the culture war and none of the upsides of actually making your business better.
Richard Oldfield: In a world where trust is lacking, particularly in government, employees are expecting business leaders to actually fill tha
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