The Accountability Blog

Month: August 2019

What is the Purpose of a Corporation?

CEOs from the Business Roundtable, including the leaders of huge companies like JPMorgan Chase, Apple, and Amazon, made major headlines recently. They came together with the stated aim of redefining business’s role in society. Overturning decades of business-school orthodoxy that embraced economist Milton Friedman’s pronouncement that “the social responsibility of business is to increase its profits,” the nearly 200 CEOs signed off on a statement about the “purpose of a corporation.” This statement explicitly acknowledged

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Accountable Corporate Culture: Did You Get the Memo?

How easy is it to believe you have an accountable corporate culture, but be 100% wrong about that? Too easy. Consider the case of easyJet. Do a search on “easyJet values” and you will eventually come across the following two sentences, posted prominently on the low fare airline’s “what we do” web page. We never compromise on safety.  Safety underpins everything we do. That looks good on a web page, and it’s certainly among the

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August 2019
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