Harvard Business School professor Rebecca Henderson tells Nick and Goldy why businesses should reject the idea that the sole purpose of the corporation is to maximize shareholder value, and how businesses can help reform the market system.
Rebecca Henderson is a professor at the Harvard Business School, a research fellow at the National Bureau of Economic Research, and a fellow of both the British Academy and the American Academy of Arts and Sciences. She is an expert on innovation and organizational change, and her research explores the degree to which the private sector can play a major role in building a more sustainable economy.
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Reimagining Capitalism in a World on Fire: https://www.publicaffairsbooks.com/titles/rebecca-henderson/reimagining-capitalism-in-a-world-on-fire/9781541730137/
Do managers have a role to play in sustaining the institutions of capitalism? https://www.brookings.edu/wp-content/uploads/2016/06/BrookingsInstitutionsofCapitalismv5.pdf
Ending shareholder primacy in corporate governance: https://rooseveltinstitute.org/publications/ending-shareholder-primacy-in-corporate-governance/
Nick’s twitter: @NickHanauer