Monthly Archives: September 2019

If business schools can no longer teach ‘Friedman’ and profit maximisation – who, and what, should they teach?

Part 6 in our continuing series on the implications of ‘BRT’– see parts 1, 2, 3, 4, 5 Critical observers have been monitoring the seismic tremors underneath business education for many years. Now, the high salaries for MBA alumni are even more questionable, since … Continue reading

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How HR will have to change if it wants to be part of the ‘Total Stakeholder Value’ (TSV) Organization

Part 5 in our ‘BRT’ series – see parts 1, 2, 3, 4 In Part 3 of this series I explained some of the broader implications stemming from The Business Roundtable’s (BRT) ‘Statement on the Purpose of a Corporation’. Now … Continue reading

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OMINDEX predicts the likelihood of catastrophes arising from corporate purpose that puts profit before people.

“There is a climate change component to this…but there’s also a failure of management.” said Michael W. Wara, director, climate and energy policy program at Stanford University Pacific Gas & Electric (PG&E Corporation) came to widespread prominence in the 1990s … Continue reading

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US Roundtable’s statement: the full implications of ‘Total Stakeholder Value’ as corporate purpose.

“It’s almost astonishing… (BRT are) in effect coming right out and saying, ‘We’ve been wrong for the last 20 years…some folks in the BRT are recognizing there’s something unsustainable about an economy that’s all about shareholder primacy.  … it’s probably … Continue reading

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MI runs Total Stakeholder Value workshop for Chinese delegation

Paul Kearns, Lucy Dunnett and Stuart Woollard were delighted to run a half day workshop for a delegation from China, led by the senior team from Anhui Provincial Investment Group Holding Co. Ltd. The workshop, entitled “How Purpose, Culture & … Continue reading

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How the Business Roundtable (BRT) can fulfil their commitment to “deliver value for all” stakeholders – and empower others to do the same

Have US CEOs finally shaken off the Friedman doctrine they subscribed to for nearly 50 years? They have certainly taken a bold step to legitimately grant themselves permission to put societal value first. They must, however, determine a common purpose … Continue reading

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