Sep 21, 2021
CED’s Shareholder Versus Stakeholder Capitalism podcast series consists of compelling conversation with CEOs about whether there is a shift towards stakeholder capitalism underway and the implications of the debate on the CEOs’ leadership roles within their companies and in society. The podcast series continues the roundtable discussions launched by The Conference Board for sitting C-suite executives to discuss the practical significance of the shift from a shareholder to stakeholder focus.
In this discussion, CED President Dr. Lori Esposito Murray sits down with Tamara Lundgren, Chairman, President and Chief Executive Officer of Schnitzer Steel Industries, Inc., and a CED Trustee.
“I’m not sure that any successful CEO was ever able to truly run a company for the long-term with a simplistic prioritization of shareholder interests as his or her sole management. I think that when you have all parts of the economy experience serious disruptive events, whether they are negative ones like a recession or pandemic, or positive ones, like industrial transformation or technological transitions, the focus naturally shifts to the long-term versus short-term shareholder returns.” – Tamara Lundgren, Chairman, President, and CEO of Schnitzer Steel Industries, Inc.