Microsoft CEO Satya Nadella says companies should be valued by the impact they have on the communities they operate within, rather than internal profits or employment.Amid a global pandemic, months-long protests over racial inequality and a bitterly contested election, the CEO of the world’s second largest public company says now is the time for America to reimagine capitalism.
In short, Nadella said, companies like Microsoft should be measured by the number of jobs and revenue created outside of the company and the economic impact they have on the markets where they operate, as opposed to surpluses generated within a company. published last year by Oxford management studies professor Colin Mayer, follow ongoing calls for business leaders to commit to steering their corporations toward so-called ‘stakeholder capitalism.
by the Business Roundtable that specified the role of a corporation was to"promote an economy that serves all Americans." cast doubt on just how committed these companies are to ‘stakeholder capitalism,’ Nadella pointed to Microsoft’s pledge to become carbon neutral by 2030, and highlighted a push by LinkedIn to address racial inequality as initiatives supported by shareholders.
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