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Aug 16, 2023 · From Marc Benioff to Mark Zuckerberg to Peter Thiel, Silicon Valley’s billionaires have acquired huge plots of land in Hawaii. Here’s how they’re responding to the devastating fire
- 57 sec
- Kylie Robison
- From Shareholders to Stakeholders
- Turning Point
- Beyond The Bottom Line
- Who Chooses The Stakeholders?
- Potential Harms
This new kind of capitalism is known as "stakeholder capitalism." Klaus Schwab, the founder and executive chairman of the World Economic Forum (WEF), coined that term in response to a September 1970 essay in the New York Times by Nobel Prize-winning American economist Milton Friedman. Friedman attacked business leaders who talked about their compan...
For most of the past 50 years, Friedman's ideas dominated corporate boardrooms. But there are signs the tide has started to turn. After years of stagnant wage growth, job losses, low social mobility, a growing climate crisis, rising income inequality and political threats from the anti-globalization policies of Donald Trump on the right to the soci...
One of Canada's biggest proponents of reinventing capitalism is Guy Cormier, chairman and CEO of the Montreal-based financial services co-operative Desjardins Group, which manages over $91 billion in assets. "We have built capitalism in a way where we use resources with a mindset where they will always be available and there is no price for these r...
Even if that turns out to be true, there are other important questions about stakeholder capitalism — like who chooses the stakeholders, and how much power will they have? Businesses will want a seat at the table, but the corporate elite that flock to Davos every year represent only a small part of the business community. Will other voices be heard...
Steven Globerman, a senior fellow with the Fraser Institute, finds that a very disturbing prospect. "If you're going to concede that, you're basically saying democracy doesn't work," he said in a recent interview. "We might as well just have a bunch of autocrats deciding what's socially important and what's not." Globerman is a free market economis...
Apr 25, 2023 · Notable billionaires—including Amazon founder Jeff Bezos, Microsoft founder Bill Gates, Salesforce head Marc Benioff, ChatGPT’s Sam Altman, and hedge-fund chief Peter Thiel—have collectively invested $375 billion into this one company, seeing it as a potential “holy grail” of clean-energy innovation, according to Benioff.
Apr 24, 2023 · Jeff Bezos, Peter Thiel, Bill Gates and Marc Benioff are among those betting that the decadeslong goal of building fusion reactors is now within years of being reality. Mr. Benioff calls fusion a “tremendous dream.”
Apr 23, 2023 · Jeff Bezos, Marc Benioff and Peter Thiel are some of the titans chasing the almost limitless energy source.
Apr 22, 2017 · Over the past two years, he's raised another $10 million in cash donations from entrepreneurs in Silicon Valley, including Salesforce.com's CEO Marc Benioff, and in Europe. A new round of...
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Jeff Bezos, Marc Benioff, Peter Thiel, and Bill Gates, among others, have poured hundreds of millions into fusion startups, hoping to achieve what has been a decades-long scientific holy grail: creating more energy from a fusion reaction than is required to start one.
