Accountable
How we Can Save Capitalism
Book
Paperback/Softback
368 pages
978-0-241-46035-1 (ISBN)
Description
An indispensable guide and call to action to take control of our economic power and hold corporations to a higher standard
'A pragmatic and original roadmap to transform capitalism into a system that's more inclusive, sustainable, and just'Dr. Rajiv J. Shah, President of The Rockefeller Foundation
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CAPITALISM IS FAILING - AND SO ARE THE TOOL WE'RE RELYING ON TO FIX IT . . .
Chevron boasts spending $50 million per year on renewable energy whilst it spends 200 times that on oil exploration.
Goldman Sachs touts its 10,000 Women initiative but women earn 55% less than men do on average.
By focusing on corporations rather than people, we've put our faith in brand-focused window-dressing. But why should we trust those responsible for our current crisis to fix it?
WE NEED TO HOLD THEM ACCOUNTABLE.
A blueprint for taking ownership of your economic power, authors NAME and NAME show us how we can trigger a fundamental shift away from an unethical, unfair, and destructive economy. Their investigation cuts through the tired dogma to reveal a hopeful truth: if we can make our corporations accountable, we can make capitalism both prosperous and good.
WE HAVE THE POWER TO CHANGE CAPITALISM; AS CONSUMERS, AS INVESTORS, AS EMPLOYEES, AS VOTERS.
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'Uses a combination of great stories and thoughtful analysis to suggest that we must find a way to change the purpose of our corporations if we are to build a society that works for all of us' Rebecca M. Henderson, John & Natty McArthur University Professor at Harvard University
'Fresh, balanced, highly readable and deeply informed' John Pepper, former Chairman and CEO of P&G
'A pragmatic and original roadmap to transform capitalism into a system that's more inclusive, sustainable, and just'Dr. Rajiv J. Shah, President of The Rockefeller Foundation
____________
CAPITALISM IS FAILING - AND SO ARE THE TOOL WE'RE RELYING ON TO FIX IT . . .
Chevron boasts spending $50 million per year on renewable energy whilst it spends 200 times that on oil exploration.
Goldman Sachs touts its 10,000 Women initiative but women earn 55% less than men do on average.
By focusing on corporations rather than people, we've put our faith in brand-focused window-dressing. But why should we trust those responsible for our current crisis to fix it?
WE NEED TO HOLD THEM ACCOUNTABLE.
A blueprint for taking ownership of your economic power, authors NAME and NAME show us how we can trigger a fundamental shift away from an unethical, unfair, and destructive economy. Their investigation cuts through the tired dogma to reveal a hopeful truth: if we can make our corporations accountable, we can make capitalism both prosperous and good.
WE HAVE THE POWER TO CHANGE CAPITALISM; AS CONSUMERS, AS INVESTORS, AS EMPLOYEES, AS VOTERS.
____________
'Uses a combination of great stories and thoughtful analysis to suggest that we must find a way to change the purpose of our corporations if we are to build a society that works for all of us' Rebecca M. Henderson, John & Natty McArthur University Professor at Harvard University
'Fresh, balanced, highly readable and deeply informed' John Pepper, former Chairman and CEO of P&G
Reviews / Votes
Presents a fresh, balanced, highly readable and deeply informed case for how the pursuit of sustained financial success and the exercise of social responsibility to employees, consumers and society not only can-but must-go hand in hand if we are to have the world we seek in the future. I learned a lot * John Pepper, former Chairman and CEO of P&G * More than ever before, this is the book our economy needs * Dr. Rajiv J. Shah, President of The Rockefeller Foundation * Unwilling to settle for easy answers or superficial changes, O'Leary and Valdmanis push us all to ask more of our economic system * United States Senator Michael F. Bennet * Striking in its clarity and insights borne from the authors' experience as investors on the frontlines of capitalism's excesses and potential. The case studies of some of the best-known companies and investors don't pull punches while offering tangible examples of the changes in culture and rules of the game required for a new type of capitalism * Daniella Ballou-Aares, CEO and Co-Founder of the Leadership Now Project * Solving our biggest social and environmental problems means reshaping the role that businesses play in our society. This informative book addresses the challenges we face in achieving this crucial transformation * Sir Ronald Cohen, Chair GSG (Global Steering Group for Impact Investment) * In today's reality, business represents a picture of dysfunctionality, of excesses benefitting the few, of gross injustice. Tomorrow's business leaders have an obligation to create a different reality reflecting our better hopes and inspirations. Accountable takes you on that journey. It's a wonderful trip * Peter Georgescu, Chairman Emeritus of Young & Rubicam * For decades the dominant view has been that the purpose of companies is to make money for their shareholders. No more. Combining compelling examples and analytical insights, O'Leary and Valdmanis explain why the world is changing and provide a roadmap for how shareholders and citizens can and must transform the corporate landscape to save capitalism from itself * Oliver Hart, Harvard University, Nobel Laureate in Economics, 2016 * The authors have been at the forefront of thinking on how markets and business can better serve society for many years. Accountable captures not only the history that underpins modern-day corporate purpose, but its present and future. The central message-that capitalism can and must be part of the solution to society's greatest challenges-has never been more important * Martin Whittaker, CEO of JUST Capital * The issues posed could not be more topical or provocative. The coronavirus pandemic has catapulted capitalism into the future, where we need new and better answers to the crucial questions 'What matters most in our society' 'How should we organize work to support those priorities?' and 'What's a fair way to pay people for their contributions?' Accountable offers a fresh and compelling perspective on these questions. * David Roux, founder of Silver Lake * If we want to save free market, enterprise economics and all the benefits it brings, we have to reform capitalism and the way corporations behave. The authors do a great job in explaining that this is not a wealth-bashing, negative agenda but a positive and exciting one. Business doing good is good business-and this book puts that beyond doubt * David Cameron, former Prime Minister of the United Kingdom *More details
Language
English
Place of publication
United Kingdom
Publishing group
Penguin Books Ltd
Target group
Professional and scholarly
College/higher education
Product notice
Paperback (UK-B)
Dimensions
Height: 198 mm
Width: 129 mm
Thickness: 35 mm
Weight
500 gr
ISBN-13
978-0-241-46035-1 (9780241460351)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
Warren Valdmanis (Author)
Warren Valdmanis joined Bain Capital Double Impact as Managing Director in 2017 after working for the firm's flagship private equity business for over 11 years. He has worked in Asia and Australia where he helped to build the firm's Japan business and opened the Sydney office. He sits on the board of directors of a number of global companies and three non-profit organisations. Warren received an MBA from Harvard Business School and a BA in Economics from Dartmouth College.
Michael O'Leary (Author)
Michael O'Leary is an impact investor at Bain Capital Private Equity where he has served in strategy and development roles and now invests across industrials, consumer, technology and healthcare verticals in Boston and Hong Kong. He has also served on the economic policy team of Senator Michael F. Bennet of Colorado. Michael has an MBA from the Stanford Graduate School of Business and a BA in Philosophy from Harvard College.
Warren Valdmanis joined Bain Capital Double Impact as Managing Director in 2017 after working for the firm's flagship private equity business for over 11 years. He has worked in Asia and Australia where he helped to build the firm's Japan business and opened the Sydney office. He sits on the board of directors of a number of global companies and three non-profit organisations. Warren received an MBA from Harvard Business School and a BA in Economics from Dartmouth College.
Michael O'Leary (Author)
Michael O'Leary is an impact investor at Bain Capital Private Equity where he has served in strategy and development roles and now invests across industrials, consumer, technology and healthcare verticals in Boston and Hong Kong. He has also served on the economic policy team of Senator Michael F. Bennet of Colorado. Michael has an MBA from the Stanford Graduate School of Business and a BA in Philosophy from Harvard College.