42nd Street Development Corporation, 124
A
Academic-Industry Research Network, 158
accountability, 8, 10, 16, 42, 44, 112, 137
employee demands for, 90-93
Admati, Anat, 41-42
agency and agency theory, 26, 156, 162, 171
airline industry, 2, 4, 54. See also Boeing; Southwest Airlines
Alaskan Arctic, drilling in, 74
American Fuel and Petrochemical Manufacturers, 75
Annan, Kofi, 140
“Are Our Management Theories Outdated?” (Petriglieri), 91-92
Aspen Institute, 5-6, 21, 80, 153
Aspen Undergraduate Network, 170
Business and Society Program, 36
Business Leaders Dialogues, 34, 117, 138
Economic Opportunities Program, 91
Finance Faculty Dialogue, 19-20, 40
First Movers Fellowship, 25, 29-30, 99, 142, 146
Ideas Worth Teaching awards, 41, 43, 108, 179
Rodel Fellowship, 58
“The 21st Century Corporation” seminar, 50-51
asset management, 25-35
discounted cash flow (DCF) model, 16, 26-27
“woke,” 29-30
Astor, Brooke, 125
B
B2B corporations, 80, 81, 112, 142
The Baby Killer (War on Want), 71-72
bankruptcies, 23, 32, 33, 109, 118, 124, 150
The Battle to Do Good (Langert), 136
beliefs, 7-8, 61-62, 83, 129, 146, 151, 176
Ben and Jerry’s, 162
Benioff, Marc, 66, 89, 118, 149-50
Benton & Bowles, 127
Better Cotton Initiative (BCI), 140-41
Beyond Grey Pinstripes ranking system, 178
Bezos, Jeff, 94
Biederman, Dan, 125
Birchard, Bill, 116
BlackRock, xi, 27, 30-31, 49-50, 112-14
Blair, Margaret, 103-4
board members, 8, 51-52, 60-62
“activist” investors, 32
complicity in pay for performance, 159
employees as, 95-96
fiduciary duty to health of enterprise, 156-57
Germany, 96
Bogle, John, 113
Bower, Joe, 59-60, 165, 171-72
Bowman, John, 96
“break-even” goals, 29
Brenner, Karen, 45
Brookings Institution, 53, 103-4
Bross, Dan, 87-88
Bryant, William Cullen, 124
Bryant Park (New York City), 123-26, 142, 146
Bryant Park Corporation, 125-26
Budinger, Bill, 57-58
Budinger, Don, 57-58
Built to Last (Collins), 50
Burke, Jim, 106-7
business. See Rule #2 (business purpose)
Business and Society Program (Aspen Institute), 5-6, 19-20, 25, 29-30, 34, 36, 40, 41, 43, 99, 108, 117, 138, 142, 146, 170, 179
business capacity, 12, 38 business decisions
future-oriented, 8-9, 14, 171, 177-79
social and environmental impacts of, 16, 20
business design, 65
business failure, xi, 2, 6, 64
Business for Social Responsibility, 179
business history, 110-11
Business Improvement District (Bryant Park, New York), 126
business model, 10, 12, 17, 22, 65, 79, 90, 95, 115
Fink’s letter and, 112-13
unlocking real value, 151-53
Valeant, 48-49
Wausau Paper, 32-33
Business Roundtable (BRT), 63
climate change statement, 143-44
renunciation of shareholder value principle, 11, 59-67, 145, 148-49
business schools, 5-6, 11, 41, 169-80
analytical frameworks, 21-22
finance academy, 13, 19-22, 39-43
new conversation required, 179-80
shareholder-centric norms, 170-71
virtual “networked learning,” 172
winds of change in, 171-73
business-society networks, 140
C
Cannon, Jim, 123, 134-37, 142, 146
capitalism, 11, 41-43, 61, 91-92, 118
Capitalisms Compared (Bowman), 96
capital markets, 6, 9, 11, 17, 32-34, 41, 57
Casper mattress company, 49
change agents, 10-12, 16-17, 68, 78-79, 178
employees as, 93-95
child labor, 77
Chipotle, 81-82
Christensen, Clay, 92-93
circular economy, 21
civil society organizations, 38, 138-39, 142
climate change, 2-3, 17, 143-46, 149, 154
activism, 78
Amazon and, 94-95
coal-fired power plants and, 24
Shell and, 75
social distancing and, 145. See also environmental issues
Climate Innovation Fund (Microsoft), 30
Climate Pledge, 94
coal-fired power plants, 22, 24
Coca Cola, 10
co-creation. See Rule #6 (co-creation)
codes of conduct, 72-74
codetermination, 96
Collins, Jim, 50
Committee for Economic Development (CED), 127-28, 140
in ESG investing, 28
precompetitive level, 78-79
Conway, Maureen, 91
Cook, Tim, 165-66
corporate design, 107
corporate social responsibility (CSR), 52-6, 57, 65, 87, 138
corporations
accountability of, 8
as amoral, 7
business as different from, 46
changing roles of, 33-34
“hollow,” 112
as legal constructs, 46
productive capacity undermined, 159
purpose of, 4, 16, 43, 44, 45-68, 112-14. See also Rule #3 (corporate responsibility)
Corporations and Society Initiative (Stanford University Graduate School of Business), 41
cotton production, 140-41
Council of Institutional Investors, 149
Counterpoint Global fund, 25, 26
COVID-19 (coronavirus) pandemic, 2, 11, 35-36, 90-91, 93, 99, 109, 118, 143, 144-45, 162, 164
Cummins Engine, 60
D
Day, Dorothy, 145
De Beers, 39
degrowth movement, 175
profit-sharing plan, 150
Deming, W. Edwards, 129-30
De Pree, D. J., 115-16
De Pree, Max, 116
discounted cash flow (DCF) model, 16, 26-27
disruptive innovation, 92
The Divine Right of Capital (Kelly), 61-62, 103, 104-5
Dorff, Michael, 161
Dow Chemical, 30
Drucker, Peter, 162
East End Avenue Corporation, 62
Eastman Kodak, 127
economy
GDP growth, 175-76
global, x, xi, 3, 13, 16,17, 35, 50, 172
real, 109-12
Edelman, 38
Ek, Daniel, 108
elephant and rider example, 150-51
Ellen MacArthur Foundation, 21
emotional intelligence, 39, 112, 142
employee profit-sharing, 33, 67, 115, 150
accountability, demands for, 90-93
board seats, 95-96
engagement scores, 159
humanity of, 91
job creation and tax cuts, 158-59
job creation and worker investment, 67
protest of working conditions, 36
provocative questions asked by, 95-97
employment, post-World War II, 127-28
“The End of Globalization” class, 172
Energy Future Holdings (formerly TXU), 23
Engineers’ Creed, 55
Environmental Defense Fund, 24
asset management investment in, 25-26
biodiversity, 79
carbon capture, 118-19
carbon dioxide emissions, 2, 30, 75, 83, 95, 98, 119
deforestation, 83. See also climate change
equality, as value, 118
equal opportunity statutes, 88
Equilar, 157
equity-based pay, 13, 148, 156-57
equity markets, 110
“The Error at the Heart of Corporate Leadership” (Paine and Bower), 59-60, 165, 171-72
ESG (environment, social, and governance) investing, 28, 30, 33
Espersen (Danish company), 133-37, 142
Eureka Innovation Lab (Levi Strauss), 29-30
European economies, 96 executives/CEOs
business leadership and, 154-55
cost of and, 158-61
desirable qualities in, 36-37
equity-based pay, 13, 148, 156-57
facts and, 149-51
five questions for rethinking pay for performance, 164
incentives and rewards for, 13, 147-67
influencing mindsets of, 151-54
job description, 67
long-term restricted share proposal, 162-63
mindset of, x, xii, 4, 7-8, 13, 148
modern principles of sensible and effective pay, 164-67
pay for performance, 9, 156-59
pay package disclosure, 155
United States as outlier, 156
unleashing creativity in the design of pay, 161-63
expectations market, 34-35
extraction model, 1, 32-33, 81-82
Facebook, 52, 54, 80, 97 facts, 149-51
Federal Aviation Administration (FAA), 54
“felt fairness,” 162
fiduciary duty, 9, 60-61, 116-17, 156-57
Revlon rule, 52
finance
interdisciplinary courses, 41
TXU and future of, 24
wake-up call in, 22-24
financial capital. See Rule #5 (financial capital)
financial crisis of 2008, 19-20, 110, 155
junk bonds, 22-23
Fink, Larry, xi, 27, 49-50, 112-14, 119
First Mover Fellowship, 25, 29-30, 99, 142, 146
fishing industry (Barents Sea), 123, 131-37, 142
Fixing the Game (Martin), 34, 104, 107
Focusing Capital on the Long Term, 61
Folsom, Marion B., 127
forcing functions, 16-17
Ford, Henry, 5
Ford Foundation, ix-x, 5, 9, 50
Frazier, Ken, 89
future, orientation toward, 8, 11-13, 20
asset management and, 25-27
change agents, 78-79
cod fishing industry, 133-34
incentives to unlock real value, 147-67
Native American principles, 21
Future-Fit, 29
G
Garten, Jeffrey, 176
General Dynamics, 51-52
Generation Investment Management, 20, 21
Gentile, Mary, 178
Germany, 96
Giridharadas, Anand, 153-54
GLEAM (Gay and Lesbian Employees at Microsoft), 88
global economy, x, xi, 3, 13-14, 16, 17, 35, 50, 172
Global Network for Advanced Management (GNAM), 172-73
Global Sustainability Forum, 2019, Yunnan, China, 28-29
González, Emma, 78
Google, 10
governance, 28, 52, 57-58, 125
economy and, 127
employee roles in, 95-96
ESG (environment, social, and governance) investing, 28, 33
government, public trust in, 38-39
Great Depression, 105, 109, 124
Greenpeace, 73, 74, 76, 132-33, 135
Gregorio, Arlen, 71
Gross, Pat, 64
Gulowsen, Truls, 135
H
Haas, Bob, 5
Haas School of Business (University of California, Berkeley), 172-73
Harvard Business Review, 57
“Are Our Management Theories Outdated?,” 91-92
“The Error at the Heart of Corporate Leadership,” 59-60, 165, 171-72
“The Virtue Matrix,” 80
Harvard Business School, 11-12, 40-43, 170-71, 178
hate groups, 89
Heiskell, Andrew, 125
Henderson, Rebecca, 42-43
Herman Miller, 115-17
HIV-AIDS epidemic, 80-81
Hoffman, Andy, 172
Hoffman, Paul G., 127
Hoplamazian, Mark, 89
Hostess, 33
hostile takeovers, 32-33, 51-52, 65, 82, 114, 117
How Will You Measure Your Life? (Christensen), 92-93
Hurricane Katrina, 152-53
I
Ideas Worth Teaching awards, 41, 43, 108, 179
immigration
Muslim ban, 88-89
Uber and, 74-75
impact investing, 5
Inclusive Capitalism Coalition, 110
Indispensable and Other Myths (Dorff), 161
individual savers and investors, 31, 113
Indonesia, 83
inequality, 11, 109, 129, 154-55, 160
infant formula marketing issue, 71-73
initial public offering (IPO), 104, 107-8
The Innovator’s Dilemma (Christensen), 92
inputs and outputs, 51
Institutional Shareholder Services (ISS), 157, 162-63
intangible forms of value. See Rule #1 (intangible values)
Intel, 162
International Council on Mining and Metals (ICMM), 139
Internet, 73
Internet of Things, 17
intrapreneurs, 99
intrinsic motivation, 80
Iroquois Confederacy, 21
J
Jacobs, Don, 7
Japan, 129-31
Jim Yong Kim, 47
Johnson, Robert Wood, 105-6
joint-stock companies, 110
JUST Capital, 158
K
Kahane, Adam, 9
Kaizen (Japanese way), 130
Kalanick, Travis, 75
Kamei, Thomas, 25-27
Kay, John, 110-12
Kearns, David, 5
Kelleher, Herb, 62, 66, 115, 120
Kellogg School of Management, 7
Kelly, Marjorie, 61-62, 103, 104-6
Kennedy, John F., 53
Knight, Phil, 73, 76, 78, 154, 173-75
Kobori, Michael, 142
Kohlberg Kravis Roberts & Co. (KKR), 22, 33
Korologos, Ann McLaughlin, 88
Kramer, Mark, 40-41
L
Langstaff, David, 49-51, 53, 56, 58, 62
Lay, Ken, 6
Lazonick, William, 158-59
business purpose and, 42-43 47
for co-creation, 142-43, 145. See also executives/CEOs
Leadership Is an Art (De Pree), 116
Lehman Brothers, 19
leveraged buyouts, 22-24
Levine, Matt, 28
Levi Strauss, 29-30, 39, 74, 98, 99
Lewis, Sinclair, 147
Liang, James Robert, 2
license to operate, xi, xii, 8, 40, 45-46, 55, 66, 149, 166, 180
co-creation among competitors, 139-42
complexity of, 81
employees and, 95
sense of, 49
life insurance policies (viatical benefits), 80-81
liquidity, 104
Lloyds Bank, 162-63
lobbyists, 67
local networks, 140
Lonely Whale, 25-26
long-only funds, 25
long-term focus, 9, 25-26, 28, 57, 61, 96
capital allocation, 113-14
low-wage industries, 152-53, 158
Lucent Technologies, 60
Lyons, Richard, 172-73
M
macroeconomic trends, 34
management, human view of, 91-92
management theory, 158
marginalized voices, 131
market activity, types of, 34-35
market-based coalitions, 138-39
market civitas, 37-39
market manipulation, 158
“Market World,” 154
Marshall Plan, 128
Martin, Roger, 34, 80, 104, 107
Mason, Mark, 142
McDonald, Duff, 170
McKinley, William, 37
McKnett, Chris, 30
McLaughlin, Kathleen, 153
McNabb, Bill, 114
Meadows, Donella, 147
Mectizan (ivermectin), 37, 46-48, 80
Merchants of Virtue (Birchard), 116
#MeToo, 93-95
Miller, Arjay, 42
Miller, Herman, 115
of executives, x, xii, 4, 7-8, 13, 148
influencing, 151-54
of MBA graduates, 173-74
shareholder as only concern, 3-4, 8, 59
systems thinking and, 147
“Money Stuff” Bloomberg column, 28
Moody-Stuart, Mark, 138-40, 142
Morgan Stanley Investment Management, 25-26
Murray, Alan, 176
N
The Naked Corporation (Tapscott), 76
National Employment Law Project, 158
national interests, 126-27
National Society of Professional Engineers, 55
Native Americans, 21
Natural Resources Defense Council, 24
Nature Conservancy, 30
Nestlé, 71-73
Net Impact, 178
New Economy companies, 118
New York University, 45
Nielsen, Klaus, 133-34, 135, 142
non-governmental organizations (NGOs), 16, 78
O
old boys’ network, 128
Old Story vs. New Story, 1, 13, 42
Onassis, Jackie, 124
original systems condition, 105
Ownership and Control (Blair), 103-4
Oxfam, 76
P
Padró, Miguel, 109
Paine, Lynn Sharp, 8, 59-60, 165, 171-72
palm oil, 83
paper industry, 32-33
Papert, Fred, 124
Parkland, Florida, shootings, 78
Parks Council (New York City), 125
Patrick, Deval, 33
pay
board members’ complicity in pay for performance, 159
pay for performance, 9, 156-59. See also executives/CEOs
Peltz, Nelson, 82
Pence, Mike, 89
People, Planet, Profits report (Shell), 138-39
people-centered strategy, 51
Petriglieri, Gianpiero, 87, 91-92
pharmaceutical companies, 37, 46-49
philanthropy, 82
Plastics Industry Association, 10, 26
plastic straws, 25-26
politicians, 58
Porter, Michael, 40-41
portfolios, 27-28
Preisser, Claire, 178
private sector, 5, 9, 68, 127, 129
private self-interest, 137, 139
productive activity, 31-32, 48
Program-Related Investments (Ford Foundation), 5
ProPublica, 119-20
protected classes, 88
protopia, 29
prototypes, 29
proxy advisory firms, 157, 162-63
Prudential Insurance Company, 80-81
public benefit, 38, 40, 125-26, 130-31, 146
public capital markets, 6-7, 104-8
publicly traded firms, xi, 8, 10, 12, 35, 49, 51-52, 57-62, 99, 104, 108, 112, 116
public opinion, 37-38, 73-74, 95-96, 137, 144
Q
quarterly earnings forecasts, 63
R
race-to-the-bottom competition, 14, 34
radical transparency, 76
Rainforest Action Network, 24
raising the bar, x, 17, 29-30, 63, 73, 78, 80-81, 135, 140
real market, 34-35
contributors to, 23
incentives to unlock, 147-67
measures of, 8, 22. See also specific rules
Reimagining Capitalism in a World on Fire (Henderson), 42-43
Remick, Tierney, 36
“Repeat After Me: The Markets Are Not the Economy” (Phillips), 109
“resource curse,” 139
responsibility, corporate, 16,17, 70, 71-85, 119-21. See also Rule #3 (corporate responsibility)
Responsible Leadership (Moody-Stuart), 138
Responsible Research for Business and Management, 172
return on investment (ROI), 3, 31, 81
Revlon rule, 52
Reward Work Act, 158
risk, 16
analysis of, 21
discounted cash flow (DCF) model, 16, 26-27
rethinking, 19-43
systems change and, 79
river blindness (onchocerciasis), 37, 46-48, 80
Rodel, Inc., 57-58
Rodel Fellowship, 58
Rohde, Gilbert, 116
Romney, Mitt, 33
Roosegaarde, Daan, 28-29
Roosevelt Institute, 158
Ross School of Business (University of Michigan), 108, 172
Royal Caribbean cruise line, 1, 4
Rubin, Andy, 93
Rule #1 (intangible values), 7-8, 16, 18, 19-43, 149
challenge for finance scholars, 39-43
change in the C-suite, 35-37
finance, wake-up call in, 22-24
market civitas, 37-38
old rule vs. new rule, 18
signs of change in asset management, 25-35
Rule #2 (business purpose), 4, 8-9, 16, 42-68, 45-68, 175
back to basics, 57-59
Boeing, purpose of, 54-56
business, distrust of, 63-64
creating real value, 64-68
employees and, 91-92
follow-through, 57
old rule vs. new rule, 44
purpose revealed, 49-54, 55-57
Rule #3 (corporate responsibility), 10, 16, 71-85
change agents, role in, 78-79
codes of conduct, 72-73
leadership and, 85
microscope, companies under, 81-84
Nestlé boycott, 71-73
old rule vs. new rule, 70
radical transparency, 76
story of change, 80-81
Rule #4 (employee voice), 10, 17, 87-100
accountability, demands for, 90-93
innovation and quest for talent, 99-100
#MeToo moment, 93-95
old rule vs. new rule, 86
provocative questioning by, 95-97
restoring trust in business, 97-98
Rule #5 (financial capital), 11, 17, 103-21
capital markets and corporate purpose, 112-14
corporate responsibility and, 119-21
culture, defining, 114-19
old rule vs. new rule, 102
public capital markets, purpose of, 107-8
Rule #6 (co-creation), 12, 17, 118, 123-46, 166
among competitors when license to operate at risk, 139-42
Bryant Park example, 123-26, 142, 146
climate change, 143-46
co-creation among competitors, 139-42
employment, post-World War II, 127-28, 140
getting the right people in the room, 129-31
leadership for co-creation, 142-43, 145
market-based coalitions and civil society organizations, 138-39
old rule vs. new rule, 122
power of small group, 128-29
trust building, cod industry example, 131-37
rules
decision rules, 21-23, 39-40, 68, 91, 172
of engagement, 11, 16, 28, 77, 84, 91
new, x-xii, 3, 6-14, 16-17, 18, 33, 68, 79, 84, 91, 148-49, 180
new, as already written, 3, 6, 9-10, 14
new, undermining, 13 old, 1-4, 16-17, 18, 44, 70, 86, 102, 122. (See also specific rules)
old rules vs. new rules, 16-17, 18 of
value creation, 4-7. See also specific rules
Russell 1000, 158
S
Saïd Business School (University of Oxford), 174
Say on Pay votes, 155
Scandinavia, employees on boards, 96
Scardino, Marjorie, 45
scenario planning, 9
Schulten, Ashley, 30-31
Schultz, Howard, 26
Scott, Lee, 151-53
Seattle, Washington, 118
secondary markets, 34
semiconductor manufacturing, 58
September 11, 2001 attacks, 6
Serafeim, George, 40-41
Seventh Generation, 21
sexual harassment, 93-95
share buybacks, xi, 12, 16, 67, 104, 145, 154-55, 157 cost of, 158-61
tax cuts, 2018, 12, 158-59, 165-66
Business Roundtable rejects model of, 59
Delaware law and, 8
design of executive pay and, 13, 35, 156-58
fiduciary duty to, 116-17
old rule vs. new rule, 102
primacy, end of, 59-65, 148-49
primacy of as organizing principle, 3-4, 8-9, 16, 59
stock certificate ownership only, 112
voting rights, 111-12
shareholder value maximization, 2, 6, 8, 16, 48
mindset of MBA graduates, 173-74
not required by US law, 60-61
short-termism, 56-58
The Shareholder Value Myth (Stout), 60-61, 103, 112
shareholder value theory, 158, 165, 171-72
Shell (Royal Dutch Shell), 9, 10, 73-76, 119, 120, 138, 140, 142
short-term thinking, 2, 56-58, 161-62
Sights, Bart, 29-30
six rules. See Rule #1 (intangible values); Rule #2 (business purpose); Rule #3 (corporate responsibility); Rule #4 (employee voice); Rule #5 (financial capital); Rule #6 (co-creation)
Six Sigma/Lean Manufacturing, 55, 130
slavery, 132
Smith, Lorraine, 21
Snapchat, 111-12
social distancing, 144-45
social media and networks, 10-12, 73-74, 85, 98
hashtag movements, 10, 16, 75, 93-95
social problems, 10-12, 17, 78, 140
soft power, 38
Sørensen, Lars, 57
Southwest Airlines, 62, 115, 118
“square deal,” 37
stakeholders, 32, 50, 63-65, 90, 108, 136-37, 148, 154, 156, 171-72
meaning of, 64-65
Stanford University Graduate School of Business, 41-42, 173-74
Star Furniture Company, 115
Stewart, James, 170
stock market
after-market, 107 direct listing, 107-8
highly concentrated holdings, 109
performance in vs. health of real economy, 109-12
undervalued, 25
stock pickers, “guiding,” 65
Stout, Lynn, 8, 60-61, 103, 112
Strine, Leo, 8
structural inequalities, 11, 129
Studebaker Corporation, 127
Stumpf, John, 52
systems change and, 79
Sustainability Accounting Standards Board (SASB), 27
Sustainable Fisheries Partnership, 134
Sustainable Living Plan (Unilever), 65
Swan, Robert, 162
Switch (Heath and Heath), 103, 150-51
system, definition, 147
T
“Takeover Bids in the Target’s Boardroom” (Lipton), 33
talent, 17, 18, 58, 99-100, 102
Tapscott, Don, 76
TASC, 53
Tata, Ratan, 5
tax cuts, 2018, 12, 158-59, 165-66
Tell Shell report, 138-39
Texas Power & Light (TXU), 22-24, 31
textile industry, 29-30
theory
ideology vs., 60
practice vs., 21-22
shareholder value theory, 158, 165, 171-72
Thinking in Systems (Meadows), 147
third-party actors, 39
Ticoll, David, 76
Total Quality Management (TQM), 55, 130
traceability of products, 141
trade associations, 38, 143-44
transfer pricing, 120
Treasury Department, 40
building, cod industry example, 131-37
Trust Barometer, 38
Tsui, Anne, 172
“Twenty First Century Leadership” (Scott), 152-53
Tylenol cyanide crisis, 106-7
U
UMass Lowell, 158
United Kingdom, 110
United Nations, 88, 138, 175, 179
Climate Change Summit, 175
Principles for Responsible Management Education (PRME), 179
founders, 129
outcome of shareholder focus on, 159-60
Super Tuesday 2016, 175
universal investors, 113
University of California, Berkeley, 172-73
University of Michigan, 108, 172
University of Notre Dame, 172
University of Oxford, 174
V
Vagelos, Roy, 37, 46-48, 51, 58, 62, 64
Valeant, 48-49
valuation, 22-23
value
abstractions, 20
employees and, 98
hard assets, 16,17, 39, 102, 111
intangible forms of, 8, 16, 18, 19-43
real, 7-8
“releasing,” 32. See also
real value; Rule #1 (intangible values)
value creation, 4-7, 21, 52, 102
business purpose and, 64-68
long-term focus, 26-28, 31-33, 37, 39, 43
The Value of Everything (Mazucato), 19, 31-32
Vanguard, 113-14
The Vanishing Corporation (Davis), 108
“The Virtue Matrix” (Martin), 80
W
Wachtell, Lipton, Rosen & Katz, 33
Walker, Brian, 116-17
War on Want, 71-72
Wartzman, Rick, 159
Waste Management, 39
Wausau Paper (Wisconsin), 32-33
Weil, Gotshal & Manges, 59-60
Weiner, Jeff, 66
whistleblowers, 97
white supremacists, 89
Wilson, Charles, 56
Wilson, Tom, 66
Winners Take All (Giridharadas), 153-54
working conditions, 3, 90, 93-94
World Bank Group, 47
World Economic Forum 2020 (Davos), 11
World Health Organization, 72
World Resources Institute (WRI), 178
World Wildlife Fund (WWF), 10, 79, 132
Y
Yale School of Management, 22, 172
Z
Zuckerberg, Mark, 97
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