Good Company: Ending the Era of Shareholder Supremacy (with Lenore Palladino)
Pitchfork Economics with Nick Hanauer
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Rethinking Shareholder Primacy
This chapter critiques the dominant notion that corporations exist solely to benefit shareholders, advocating for a more inclusive approach that considers various stakeholders. It examines the historical development of shareholder primacy, its impact on wealth inequality and innovation, and calls for new policies to reshape corporate governance. The discussion challenges common misconceptions about risk in capital markets and emphasizes the need for corporations to focus on their social responsibilities.
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