Op-Ed: How America’s Business Leaders Can Restore Faith in Capitalism

By Ursula Burns, Lynn Forester de Rothschild, Leo E. Strine, Darren Walker
February 05, 2021

Joe Biden’s “Build Back Better” agenda puts the American worker front and center. His experienced nominees can make his aspiration to “reward work” a reality. But to do that, they need business and investors to work together with labor and engage with the government to restore a level playing field and give workers their just share of the prosperity that they create.

For too long, the people most important to the success of our capitalist economy — the workers — have not received their fair share as companies became more subject to the power of investors demanding immediate profits. For the past 40 years, worker productivity increased 70%, the S&P 500 grew more than 700% in value, CEO compensation skyrocketed by 940%, but the hourly wages for average workers rose by only 12%.

Continue to the full op-ed here.

 

Share :

About Members

Darren Walker is president of the Ford Foundation, a $13 billion international social justice philanthropy. He is co-founder and chair of the U.S. Impact Investing Alliance and the Presidents’ Council Read More

LYNN FORESTER DE ROTHSCHILD is a Founding and Managing Partner of Inclusive Capital Partners, an investment manager for the $3B Spring Fund, that seeks positively differentiated returns by deploying its Read More

Related Articles

GET ALL THE LATEST INSIGHTS RIGHT IN YOUR MAIL BOX

Sign Up Now
Receive the latest news

Get the best of the council in your inbox

Become part of the inclusive capitalism community. Join our monthly mailing list to receive: