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The Post-Pandemic Firm

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Add to Bookmarks Even before COVID-19 struck, many were arguing that companies should generate value not only for investors, but also for employees, customers, suppliers, and society. But would such a shift necessarily require major changes in corporate purpose and governance, and in the long-dominant Western model of shareholder capitalism?In this Big Picture, the World Economic Forum’s Klaus Schwab argues that “stakeholder capitalism” is clearly the best response to today’s social and environmental challenges. But Raghuram G. Rajan of the University of Chicago argues that companies should continue to focus

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Even before COVID-19 struck, many were arguing that companies should generate value not only for investors, but also for employees, customers, suppliers, and society. But would such a shift necessarily require major changes in corporate purpose and governance, and in the long-dominant Western model of shareholder capitalism?

In this Big Picture, the World Economic Forum’s Klaus Schwab argues that “stakeholder capitalism” is clearly the best response to today’s social and environmental challenges. But Raghuram G. Rajan of the University of Chicago argues that companies...

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