The myth of the CEO hero
The recent removal of Danone’s CEO and chairman, Emmanuel Faber, has been seen by many as a clash between activist investors and stakeholder capitalism. But the actual implications aren’t that simple. Danone’s circumstances offer a much more important lesson: In the quest to design a corporate ecosy...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
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Harvard Business School Publishing
2021
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| _version_ | 1826312280133861376 |
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| author | Johnstone-Louis, M Love, C |
| author_facet | Johnstone-Louis, M Love, C |
| author_sort | Johnstone-Louis, M |
| collection | OXFORD |
| description | The recent removal of Danone’s CEO and chairman, Emmanuel Faber, has been seen by many as a clash between activist investors and stakeholder capitalism. But the actual implications aren’t that simple. Danone’s circumstances offer a much more important lesson: In the quest to design a corporate ecosystem that reliably — and profitably — meets the needs of people and the planet, there can be no singular heroes. Addressing the interconnected emergencies facing our societies and planet will demand systems change, and no CEO can deliver this change on their own. CEOs and policy makers must engage deeply with the question of how to ensure business is an enduring force for good. The authors present four systems-change principles for businesses deciding how to navigate the growing call to focus on stakeholders, not just shareholders. |
| first_indexed | 2024-03-07T08:26:42Z |
| format | Journal article |
| id | oxford-uuid:bbec943e-11bc-4f9c-854f-8f08fa546082 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T08:26:42Z |
| publishDate | 2021 |
| publisher | Harvard Business School Publishing |
| record_format | dspace |
| spelling | oxford-uuid:bbec943e-11bc-4f9c-854f-8f08fa5460822024-02-16T06:19:15ZThe myth of the CEO heroJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:bbec943e-11bc-4f9c-854f-8f08fa546082EnglishSymplectic ElementsHarvard Business School Publishing2021Johnstone-Louis, MLove, CThe recent removal of Danone’s CEO and chairman, Emmanuel Faber, has been seen by many as a clash between activist investors and stakeholder capitalism. But the actual implications aren’t that simple. Danone’s circumstances offer a much more important lesson: In the quest to design a corporate ecosystem that reliably — and profitably — meets the needs of people and the planet, there can be no singular heroes. Addressing the interconnected emergencies facing our societies and planet will demand systems change, and no CEO can deliver this change on their own. CEOs and policy makers must engage deeply with the question of how to ensure business is an enduring force for good. The authors present four systems-change principles for businesses deciding how to navigate the growing call to focus on stakeholders, not just shareholders. |
| spellingShingle | Johnstone-Louis, M Love, C The myth of the CEO hero |
| title | The myth of the CEO hero |
| title_full | The myth of the CEO hero |
| title_fullStr | The myth of the CEO hero |
| title_full_unstemmed | The myth of the CEO hero |
| title_short | The myth of the CEO hero |
| title_sort | myth of the ceo hero |
| work_keys_str_mv | AT johnstonelouism themythoftheceohero AT lovec themythoftheceohero AT johnstonelouism mythoftheceohero AT lovec mythoftheceohero |