15:54 "You can't pollute the environment or your brand will be hurt, and so forth." If this is true, why do so many corporations "pollute the environment"? 25:25 Of course, if you treat employees well, you can expect higher productivity, but this is not true of the environment. If you restore the environment you wrecked, it does not increase productivity, necessarily. And he does not define "sustainability policies". But most importantly, he judges a practice on whether it increases market value. Why? What is that the measure of what works and what doesn't. You might have a company that restores the environment and in the long-term stock prices fall. Why is that bad. This guy would say because shareholders are the owners and therefore the overriding goal is maximizing value for them. He's wrong. You can have a company restore the environment, suffer a decrease in long-term value, and benefit more people in a meaningful way. He needs to look at cases like that: where long-term value suffers at the expense of restoring the environment that the company harmed. Otherwise, he's just doing a version of "enlightened shareholder value" or "doing well by doing good.
🙄 when your algorithm is trolling you, but you’re starved for quality (somewhat) ad free content. So , like, basically you can create a large company that charges high prices for internet access to industrialized nations/areas, buy a company like vodaphone, partner with a hardware distributer, distribute free phones and access to the goat herders through a joint nonprofit and write off the cost or trade for access to the more affluent members of that nation. The nonprofit arm can be an outlet option for travel and inspiration for the less productive, but well trained members of an organization. Can we jump off this zoom meeting now? I have to take a shower.
very good topic. just a suggestion. it can be more interesting if instead of a long monotonous burst of a speech, it is made a conversational like Q & A.
This was so educative i wished he was my professor
Inspiring as usual. Great Books, great papers, great talks! Well done Professor Alex Edmans!
Happy Birthday Jonathan :)
15:54 "You can't pollute the environment or your brand will be hurt, and so forth." If this is true, why do so many corporations "pollute the environment"? 25:25 Of course, if you treat employees well, you can expect higher productivity, but this is not true of the environment. If you restore the environment you wrecked, it does not increase productivity, necessarily. And he does not define "sustainability policies". But most importantly, he judges a practice on whether it increases market value. Why? What is that the measure of what works and what doesn't. You might have a company that restores the environment and in the long-term stock prices fall. Why is that bad. This guy would say because shareholders are the owners and therefore the overriding goal is maximizing value for them. He's wrong. You can have a company restore the environment, suffer a decrease in long-term value, and benefit more people in a meaningful way. He needs to look at cases like that: where long-term value suffers at the expense of restoring the environment that the company harmed. Otherwise, he's just doing a version of "enlightened shareholder value" or "doing well by doing good.
🙄 when your algorithm is trolling you, but you’re starved for quality (somewhat) ad free content. So , like, basically you can create a large company that charges high prices for internet access to industrialized nations/areas, buy a company like vodaphone, partner with a hardware distributer, distribute free phones and access to the goat herders through a joint nonprofit and write off the cost or trade for access to the more affluent members of that nation. The nonprofit arm can be an outlet option for travel and inspiration for the less productive, but well trained members of an organization. Can we jump off this zoom meeting now? I have to take a shower.
good
very good topic. just a suggestion. it can be more interesting if instead of a long monotonous burst of a speech, it is made a conversational like Q & A.
This speaker's voice is SO HARSH!
The squawking speaking style of the speaker is a little hard to take