Accountable: The Rise of Citizen Capitalism

Michael O'Leary, Warren Valdmanis

"Capitalism is broken, but corporate social responsibility, divestment, impact investing, and government intervention won't fix it. Michael O'Leary and Warren Valdmanis examine how we can change the way corporations work to make the world a better place"--

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Book Information

Publisher: Harper Business
Publish Date: 08/18/2020
Pages: 368
ISBN-13: 9780062976512
ISBN-10: 0062976516
Language: English

What We're Saying

January 14, 2021

As we make plans to rebuild our economy when we get this pandemic under control, we can think of no better way to start than to focus on and invest in all of our people and communities. Focusing on women, and The Double X Economy, might just be the best way to do that. READ FULL DESCRIPTION

December 03, 2020

These are the 40 books we found represent the year best in one way or another. They help us make sense of the challenges 2020 has presented us with, understand the depths of the existing cracks it has exposed in our society, and offer solutions to solve the many truly monumental challenges we face—together. READ FULL DESCRIPTION

August 28, 2020

Michael O'Leary and Warren Valdmanis show that it is not even in investors' interests to have such a focus on short-term profits, to allow a system that is currently creating so much inequality, releasing so much carbon into the air, failing too many people. READ FULL DESCRIPTION

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"More than ever before, this is the book our economy needs." - Dr. Rajiv Shah, president of the Rockefeller Foundation

"Unwilling to settle for easy answers or superficial changes, O'Leary and Valdmanis push us all to ask more of our economic system." - Senator Michael F. Bennet

This provocative book takes us inside the fight to save capitalism from itself.

Corporations are broken, reflecting no purpose deeper than profit. But the tools we are relying on to fix them--corporate social responsibility, divestment, impact investing, and government control--risk making our problems worse.

With lively storytelling and careful analysis, O'Leary and Valdmanis cut through the tired dogma of current economic thinking to reveal a hopeful truth: If we can make our corporations accountable to a deeper purpose, we can make capitalism both prosperous and good.

What happens when the sustainability-driven CEO of Unilever takes on the efficiency-obsessed Warren Buffett? Does Kellogg's--a company founded to serve a healthy breakfast--have a sacred duty to sell sugary cereal if that's what maximizes profit? For decades, government has tried to curb CEO pay but failed. Why? Can Harvard students force the university to divest from oil and gas? Does it even matter if they do?

O'Leary and Valdmanis, two iconoclastic investors, take us on a fast-paced insider's journey that will change the way we look at corporations. Likely to spark controversy among cynics and dreamers alike, this book is essential reading for anyone with a stake in reforming capitalism--which means all of us.

About the Author

Warren Valdmanis leads a social impact firm that invests in the American workforce. He was previously a managing director with Bain Capital's social impact fund, and before that invested with Bain Capital's private equity team for over a decade. He grew up in Canada and has lived and worked in Australia, Chile, France, Hong Kong, Japan, South Africa, and the United States.

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