Journal article
The myth of the CEO hero
- Abstract:
- 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.
- Publication status:
- Accepted
- Peer review status:
- Peer reviewed
Actions
Access Document
- Files:
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(Preview, Accepted manuscript, pdf, 54.2KB, Terms of use)
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- Publication website:
- https://hbr.org/2021/05/the-myth-of-the-ceo-hero
Authors
- Publisher:
- Harvard Business School Publishing
- Journal:
- Harvard Business Review More from this journal
- Publication date:
- 2021-05-13
- Acceptance date:
- 2021-05-12
- ISSN:
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0017-8012
- Language:
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English
- Keywords:
- Pubs id:
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1618279
- Local pid:
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pubs:1618279
- Deposit date:
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2024-02-15
Terms of use
- Copyright holder:
- Harvard Business School Publishing. All rights reserved.
- Copyright date:
- 2021
- Rights statement:
- Copyright © 2021 Harvard Business School Publishing. All rights reserved.
- Notes:
- This is the accepted manuscript version of the article. The final version is available online from Harvard Business School Publishing
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