Sustaining Capitalism

CED's Shareholder Versus Stakeholder Capitalism podcast series consists of compelling conversation with CEOs about whether there is a shift towards stakeholder capitalism underway and the implications of the debate on the CEOs' leadership roles within their companies and in society. The podcast series continues the roundtable discussions launched by The Conference Board for sitting C-suite executives to discuss the practical significance of the shift from a shareholder to stakeholder focus.

In this discussion, CED President Dr. Lori Esposito Murray sits down with Mike Swinford, CEO of Numotion.

"The vast majority of good companies have historically always understood that long-term sustainability for shareholders requires responsibly focusing on stakeholders as well. I think the shift is how stakeholders are much more informed in real time, and I think with ubiquitous information at your fingertips in real time, there is much more transparency and a heightened awareness around stakeholders. That's really becoming front and center." – Mike Swinford, CEO of Numotion.

Economists from the Committee for Economic Development (CED) and The Conference Board Labor Markets Institute join forces to break down the monthly US Bureau of Labor Statistics jobs report and reveal the relevant policy implications for the future workforce.

CED's Shareholder Versus Stakeholder Capitalism podcast series consists of compelling conversation with CEOs about whether there is a shift towards stakeholder capitalism underway and the implications of the debate on the CEOs' leadership roles within their companies and in society. The podcast series continues the roundtable discussions launched by The Conference Board for sitting C-suite executives to discuss the practical significance of the shift from a shareholder to stakeholder focus.

In this discussion, CED President Dr. Lori Esposito Murray sits down with Ramon Benet, the former Chief Executive Officer, Instrumentation Laboratory. He is also a CED Trustee.

"I think that the discussion over shareholder- versus stakeholder-capitalism is certainly a fair one. But personally, I do not think that stakeholder capitalism is the way to go. I am of the opinion that customer-centered capitalism is the right reflection of the mission and purpose of a corporation."– Ramon Benet, former Chief Executive Officer, Instrumentation Laboratory

CED's Shareholder Versus Stakeholder Capitalism podcast series consists of compelling conversation with CEOs about whether there is a shift towards stakeholder capitalism underway and the implications of the debate on the CEOs' leadership roles within their companies and in society. The podcast series continues the roundtable discussions launched by The Conference Board for sitting C-suite executives to discuss the practical significance of the shift from a shareholder to stakeholder focus.

In this discussion, CED President Dr. Lori Esposito Murray sits down with Peter Hahn, President & CEO, University of Michigan Health – West. He is also a CED Trustee.

"Health care in general is a very capital-intensive, cash-intensive, labor-intensive business with fairly low margins, compared to other industries. So the absolute focus is on making sure our employees are engaged and really committed to the culture of the organization… suffice it to say, I think as a health care delivery system, we have always been about stakeholder value and the absolute importance of that." – Peter Hahn, President & CEO, University of Michigan Health – West.

CED's Shareholder Versus Stakeholder Capitalism podcast series consists of compelling conversation with CEOs about whether there is a shift towards stakeholder capitalism underway and the implications of the debate on the CEOs' leadership roles within their companies and in society. The podcast series continues the roundtable discussions launched by The Conference Board for sitting C-suite executives to discuss the practical significance of the shift from a shareholder to stakeholder focus.

In this discussion, CED President Dr. Lori Esposito Murray sits down with Reece Kurtenbach, CEO of Daktronics, Inc., and a CED Trustee.

"I think it's a debate of how we manage conflict when one of the stakeholders might want something that pulls against what the others have at the top of their lists. I think in the recent past, there is a more vocal contention out there describing the priorities and the rights and trying to raise the visibility of some of the other stakeholders who haven't been as visible or vocal in the past." – Reece Kurtenbach, CEO of Daktronics, Inc.

CED's Shareholder Versus Stakeholder Capitalism podcast series consists of compelling conversation with CEOs about whether there is a shift towards stakeholder capitalism underway and the implications of the debate on the CEOs' leadership roles within their companies and in society. The podcast series continues the roundtable discussions launched by The Conference Board for sitting C-suite executives to discuss the practical significance of the shift from a shareholder to stakeholder focus.

In this discussion, CED President Dr. Lori Esposito Murray sits down with Tamara Lundgren, Chairman, President and Chief Executive Officer of Schnitzer Steel Industries, Inc., and a CED Trustee.

"I'm not sure that any successful CEO was ever able to truly run a company for the long-term with a simplistic prioritization of shareholder interests as his or her sole management. I think that when you have all parts of the economy experience serious disruptive events, whether they are negative ones like a recession or pandemic, or positive ones, like industrial transformation or technological transitions, the focus naturally shifts to the long-term versus short-term shareholder returns." – Tamara Lundgren, Chairman, President, and CEO of Schnitzer Steel Industries, Inc.

CED's Shareholder Versus Stakeholder podcast series consists of compelling conversation with CEOs about whether there is a shift towards stakeholder capitalism underway and the implications of the debate on the CEOs' leadership roles within their companies and in society. The podcast series continues the roundtable discussions launched by The Conference Board for sitting C-suite executives to discuss the practical significance of the shift from a shareholder to stakeholder focus.

In this discussion, CED President Dr. Lori Esposito Murray sits down with Bob Moritz, the Chairman of PricewaterhouseCoopers International Limited, and a Trustee of The Conference Board.

"CEOs not only have more and more stakeholders to engage with, but they have more opinions they have to try and satisfy. The challenge has not only become bigger, but also more complex." – Bob Moritz, Chairman, PwC-I.

CED's Shareholder Versus Stakeholder podcast series consists of compelling conversation with CEOs about whether there is a shift towards stakeholder capitalism underway and the implications of the debate on the CEOs' leadership roles within their companies and in society. The podcast series continues the roundtable discussions launched by The Conference Board for sitting C-suite executives to discuss the practical significance of the shift from a shareholder to stakeholder focus.

In this discussion, CED President Dr. Lori Esposito Murray sits down with Ravi Saligram, a CED Trustee and President & CEO of Newell Brands.

"Shareholder value and stakeholder value are really inextricably intertwined, they're not mutually exclusive. In fact, I would posit that shareholder value is a consequence of driving stakeholder value, because you really have to think about what's best for your stakeholders in any company – without consumers and customers, if you're not delighting them, you cease to exist." – Ravi Saligram, President & CEO, Newell Brands

The preparation of K-12 students for postsecondary success is a topic of serious concern for the U.S. education system as well as for employers as it relates to a future talent pool. Joining us from the Cajon Valley Union School District in California are Superintendent Dr. David Miyashiro and Chief Innovation and Engagement Officer Ed Hidalgo to discuss the World of Work, an innovative and unique program initiative for students that has been underway in their schools for the past 5 years, as well as the business role in support of local K-12 education efforts.

CED's Shareholder Versus Stakeholder podcast series consists of compelling conversation with CEOs about whether there is a shift towards stakeholder capitalism underway and the implications of the debate on the CEOs' leadership roles within their companies and in society. The podcast series continues the roundtable discussions launched by The Conference Board for sitting C-suite executives to discuss the practical significance of the shift from a shareholder to stakeholder focus.

In this discussion, CED President Dr. Lori Esposito Murray sits down with Beth Brooke, a current Trustee of The Conference Board, a former Trustee of CED, and former Global Vice Chair – Public Policy at EY.

"I've always thought that engaging and balancing stakeholder interests has always been critical. But as you alluded to, these stakeholder viewpoints are able to be heard much more loudly today – and I think the various stakeholders recognize that they have a voice and that it matters." – Beth Brooke, former Global Vice Chair- Public Policy, EY