Has the Friedman Theory eroded in time?

Yesterday, was he 50th anniversary of the publication of Milton Friedman’s essay titled “The Social Responsibility of Business is to Increase Its Profits" that came to be known as the “Friedman Doctrine” or the “Stockholders Capitalism Doctrine” and which was widely adopted for many years by the corporate world. In recent years, we have seen … Continue reading Has the Friedman Theory eroded in time?

Let It Not Be Another Theranos!

Yesterday I had an engaging discussion with my students about the numerous corporate governance failures present in the Theranos saga. The learnings in Theranos are countless. A young CEO with a powerful storytelling strategy that deceived everyone: from prestigious independent board members, sophisticated investors and well-known strategic partners, to employees, the media and even patients. To … Continue reading Let It Not Be Another Theranos!