Bernie Madoff, Lee Kun Hee and, less recently, WorldCom, Parmalat and Enron. In the wake of all this white-collar crime, people are calling for corporate social action. A Stakeholder Management approach could be the answer. But when a CEO is juggling everyone from employees to charities, the water surrounding their actions and results becomes murky. In “Does Stakeholder Management Have a Dark Side,” Carmelo Cennamo, Pascual Berrone and Luis R. Gomez-Mejia take a look at how managers could use causal ambiguity for their own ends.
Authors: Carmelo Cennamo, Luis R. Gómez-Mejía, Pascual Berrone
Source: IESE Insight
Subjects: Corporate Governance, Management