Why Alan Schwartz thinks stakeholder primacy misses the point
Two years ago, Alan Schwartz says he was best described as happy, but cantankerous. Presenting to the Harvard Club in Sydney, the investor and philanthropist vented his frustration, questioning why profit and value weren't aligned.
"I attributed many of the problems in our economy to the fact that profit and value are no aligned, so that it is possible to make a profit while destroying the environment or social cohesion and equally it is possible to create value – for example reducing carbon emissions or homelessness - but make a loss" he says.
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