1. Patagonia Chair: ‘We Are Turning Capitalism on its Head by Making the Earth Our Only Shareholder’

    Patagonia Chair: ‘We Are Turning Capitalism on its Head by Making the Earth Our Only Shareholder’

    For 50 years there has been an impassioned debate about the appropriate aims and responsibilities of companies. Some side with Milton Friedman’s influential viewpoint, asserting that the only responsibility of business is to generate profits for shareholders. Others believe companies have broader responsibilities to society and the environment. Lately, even state legislatures have weighed in, proposing to ban financial managers who take ESG criteria into account. But while the battle of words continues, investors, customers, employees, and the public have moved forward...

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