CED’s Shareholder vs. Stakeholder Capitalism Series with Dr. Joel Myers of AccuWeather

Sustaining Capitalism

CED’s Shareholder Versus Stakeholder Capitalism podcast series consists of compelling conversation with CEOs about whether there is a shift towards stakeholder capitalism underway and the implications of the debate on the CEOs’ leadership roles within their companies and in society. The podcast series continues the roundtable discussions launched by The Conference Board for sitting C-suite executives to discuss the practical significance of the shift from a shareholder to stakeholder focus.

In this discussion, CED President Dr. Lori Esposito Murray sits down with Dr. Joel Myers, Founder & CEO of AccuWeather. He is also a CED Trustee.

“If a leader at a company stands for certain things, and is authentic and is consistent over days, years, or decades, then they are going to be believed and trusted to do the right thing. But the purpose of the company is to make a profit, and if you make a profit, you allow for investment. You’ll be able to hire employees and you’ll be able to increase the benefits you are paying employees and you’ll be able to pay taxes…ultimately, profits are what drives that.” – Dr. Joel Myers, Founder & CEO, AccuWeather