Role of the Corporation: Between Shareholders and Stakeholders

https://vimeo.com/464322001

2020 Global Conference

Role of the Corporation: Between Shareholders and Stakeholders

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October 12 at 10:15 am PDT/1:15 pm EDT

 

"Corporations exist principally to serve their shareholders." This has been the mantra throughout a postwar period that has cut extreme poverty by more than half. Yet an increasing share of society feels that the role of corporations should go beyond what's best for shareholders. As income has converged globally, the divergence of domestic wealth has given rise to a public discussion questioning capitalism in general. With politicians increasingly willing to debate a financial system that was once considered almost sacrosanct, can influential CEOs stay on the sidelines? And how can we ensure an economy that focuses on sustainable growth, prosperity, and equal opportunity for all?

 

Moderator

Russ Roberts
Host, EconTalk; John and Jean De Nault Research Fellow, Hoover Institution, Stanford University

 

Speakers

Christopher Ailman
Chief Investment Officer, California State Teachers' Retirement System; Co-Chair, Global Capital Markets Advisory Council, Milken Institute

Lucian Bebchuk
James Barr Ames Professor of Law, Economics, and Finance and Director, Program on Corporate Governance, Harvard Law School

Dambisa Moyo
Global Economist, Author, Board Member of 3M and Chevron

Vivek Ramaswamy
Founder and CEO, Roivant Sciences

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Published October 12, 2020