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Accountable: The Rise of Citizen Capitalism
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About Accountable: The Rise Of Citizen Capitalism
Product Description “More than ever before, this is the book our economy needs.” – Dr. Rajiv 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.” – Senator Michael F. Bennet This provocative book takes us inside the fight to save capitalism from itself. Corporations are broken, reflecting no purpose deeper than profit. But the tools we are relying on to fix them—corporate social responsibility, divestment, impact investing, and government control—risk making our problems worse. With lively storytelling and careful analysis, O’Leary and Valdmanis cut through the tired dogma of current economic thinking to reveal a hopeful truth: If we can make our corporations accountable to a deeper purpose, we can make capitalism both prosperous and good. What happens when the sustainability-driven CEO of Unilever takes on the efficiency-obsessed Warren Buffett? Does Kellogg’s—a company founded to serve a healthy breakfast—have a sacred duty to sell sugary cereal if that’s what maximizes profit? For decades, government has tried to curb CEO pay but failed. Why? Can Harvard students force the university to divest from oil and gas? Does it even matter if they do? O’Leary and Valdmanis, two iconoclastic investors, take us on a fast-paced insider’s journey that will change the way we look at corporations. Likely to spark controversy among cynics and dreamers alike, this book is essential reading for anyone with a stake in reforming capitalism—which means all of us. Review "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"Thought-provoking and insightful, Accountable offers a pragmatic and original roadmap to transform capitalism into a system that's more inclusive, sustainable, and just. More than ever before, this is the book our economy needs."Dr. Rajiv J. Shah, president of the Rockefeller Foundation"Even most capitalists know that capitalism, as practiced in the United States in recent decades, has a lot to answer for. O'Leary and Valdmanis have given us thoughtful, well researched and compelling ways to rethink how to assure that prosperity and fairness are linked." Deval Patrick, former governor of Massachusetts"Accountable takes a fresh look at a fundamental question of capitalism--whose interests should corporations serve. Its call for collective action by consumers, workers, and investors to reorient corporate behavior may foretell the next decade."Jonathan Levin, dean of Stanford Graduate School of Business "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, 2016 Nobel laureate in economics "Accountable reminds us that today's short-termism is as dangerous for corporations as it is for the world and 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. I enjoyed it enormously.Rebecca M. Henderson, John and Natty McArthur University Professor at Harvard University"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
