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Eccentric billionaire and angel investor Peter Gregory (played by the late actor Christopher Evan Welch) reminds us of a fellow member of the "three comma club," Peter Thiel, cofounder of...
- 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...
Marc Russell Benioff (born September 25, 1964) is an American internet entrepreneur and philanthropist. Benioff is best known as the co-founder, chairman and CEO of the software company Salesforce, as well as being the owner of Time magazine since 2018.
Mar 31, 2022 · Salesforce boss Marc Benioff holds court on the Big Island, along with Starbucks capo Howard Schultz. Oprah is over in Maui, as is Jeff Bezos. If they squint they can make out Peter Thiel...
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. Kylie...
- 57 sec
- Kylie Robison
May 5, 2017 · This significant funding round is led by San Francisco-based philanthropists Marc and Lynne Benioff and an anonymous donor. Other supporters include the Julius Baer Foundation, Royal DSM, and Silicon Valley entrepreneur/investor Peter Thiel.
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Jan 13, 2022 · Executives unleashed lobbyists to kill attempts to ramp up production and distribution — an ideal recipe, it turns out, for the Omicron variant. But Mr. Benioff prefers a different depiction ...
