Lynn Paine, a Harvard Business School professor and governance expert, joins Mihir Desai, specializing in corporate finance, and Carola Frydman, a corporate historian at Kellogg, to discuss the evolution of shareholder value. They delve into its rise in the 1970s and the subsequent challenges it faced, including critiques of its impact on jobs and the environment. As stakeholder capitalism gains traction, they explore the need for companies to balance diverse interests and scrutinize the implications of integrating ESG metrics into governance.
