article thumbnail

If the SEC Measured CEO Pay Packages Properly, They Would Look Even More Outrageous

Harvard Business Review

Indeed, in the 1980s Peter Drucker, the management expert who correctly understood that the purpose of the business corporation is to create customers rather than profits for shareholders, touted 20:1 as a sufficiently high ratio for any company in any country, including the United States.

CEO 8
article thumbnail

20 New Words Every Leader Should Know

Eric Jacobson

What resources do you need to get the job done? Much of what you read on my Blog may not be new to you, but hopefully, it’ll serve as a good reminder of things to consider when you lead your next employee, team or group.I’m What impact is this going to have on you?

Mentor 50
article thumbnail

Capitalism’s Future Is Already Here

Harvard Business Review

Already, in his 1962 book Capitalism and Freedom Friedman had declared that “there is one and only one social responsibility of business–to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.”