Henry D. Wolfe’s Post

View profile for Henry D. Wolfe, graphic

Chairman, DaVega & Wolfe Industries Holdings - Author, "Governance Arbitrage"

B-School Blather Can’t Beat Real-World CEO Know-How "What’s needed is a new management theory that avoids both the deceptive certainties of neoliberalism and the equally deceptive vagaries of stakeholder capitalism. But where can we find the material for such a rethinking? Not in the great US business schools, which are either stuck on hold in stakeholder land or determined to replace the vague rhetoric of stakeholder capitalism with the even vaguer rhetoric of “corporate purpose.” Not in management consultancies such as McKinsey, which is engaged in a vast exercise in woke-washing over its role in corporate scandals. And not in the great US IT companies, which operate according to the idiosyncratic rules of the information economy (give away services to your users while selling user information to advertisers). Instead, I am increasingly persuaded that the answer lies in talking to hard-headed CEOs who run first-class companies in unglamorous bits of the real economy." #corporategovernance #governance #boardsofdirectors #shareholdervalue #management #institutionalinvestors

B-School Blather Can’t Beat Real-World CEO Know-How

B-School Blather Can’t Beat Real-World CEO Know-How

bloomberg.com

To view or add a comment, sign in

Explore topics