Historically, Americans think of shareholder capitalism when corporate America comes to mind. A new philosophy of business called "stakeholder capitalism" is taking hold in the business world, and it has serious tradeoffs for investors. David McGarry joins me to discuss the positives and negatives of this new idea.
Stakeholders Capitalism is like touch football where one team plays by the hard pressed rules of the game and the other team has all the latest full contact football rules and equipment. Who will win? The touch players or the Powerful Fully vested players? The individual has no chance of even knowing the ground rules unless they have played for the other side.
Stakeholders Capitalism is like touch football where one team plays by the hard pressed rules of the game and the other team has all the latest full contact football rules and equipment. Who will win? The touch players or the Powerful Fully vested players? The individual has no chance of even knowing the ground rules unless they have played for the other side.