
Here's what we can learn about stakeholder capitalism from Milton Friedman
Professor of Finance, Alex Edmans, argues that Milton Friedman's landmark 1970 article has been misrepresented - and has lessons for stakeholder capitalism.
Alex is Professor of Finance, London Business School and the Managing Editor, Review of Finance. He is heavily involved with practitioners and policymakers in the reform of corporate governance and executive pay, and the embedding of purpose into business. Alex has spoken at Davos, testified in the UK Parliament, and given two TEDx talks. Alex has written for the Wall Street Journal, Financial Times, and Harvard Business Review and been live-interviewed on BBC, Bloomberg, CNBC, CNN, ESPN, Fox, ITV, Sky News, and Sky Sports. Awarded “Rising Star of Corporate Governance” and “Rising Star of Finance”, each for outstanding contributions by a person under 40. PhD in Financial Economics, MIT (Fulbright Scholar); BA, Oxford.
Professor of Finance, Alex Edmans, argues that Milton Friedman's landmark 1970 article has been misrepresented - and has lessons for stakeholder capitalism.
In the post-truth environment, too much evidence put forward to support reform is driven by ‘confirmation bias’. Time to check our sources and embrace balanced discussion.
Professor Alex Edmans on why organisations cannot thrive without purpose.
Paying executives in corporate debt rather than equity could improve their performance and prevent another financial crisis, says Alex Edmans.
2016 has been a turbulent year for global markets, while the real economy has been relatively benign. So, why do we care so much about short-term numbers?