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Softening Capitalism’s Downsides

Sasha Patkin   
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This is a challenging time to be an executive. For decades the CEO’s primary responsibility has been to reward shareholders, even short-term ones. But as Joseph Bower and Lynn Paine pointed out in a 2017 HBR article, “The Error at the Heart of Corporate Leadership,” that approach wasn’t grounded in law or common sense. It was fashion.

A version of this article appeared in the July–August 2021 issue of Harvard Business Review.
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