A broader view of the stakeholder: The way to more responsible leadership?

June 01, 2011

Polls have shown that Americans -- especially young Americans -- are increasingly skeptical about the concept of capitalism, and are mistrustful of the leaders of large corporations. Management Professor David Waldman is one of several W. P. Carey School of Business scholars who are studying leadership. Waldman points to a lack of what he terms "responsible leadership" at the top of many large corporations as one of the reasons for this erosion of public confidence. He argues that a too-narrow definition of corporate responsibility is at least partly to blame. (8:57)