Corporate Social Responsibility - The New Model for Cyber? w/ Drew Simonis

The Cyber Ranch Podcast

Hang on to your saddle for this one! Drew Simonis joins Allan as his new co-host in a show where the two of them explore alternative models for selling and funding the cyber mission!

You probably know about corporate social responsibility initiatives.

Did you know that it's not a a new idea in the history of capitalism, but rather a throwback?

Before shareholder capitalism, there was stakeholder capitalism:

Stakeholder capitalism proposes that corporations should serve the interests of all their stakeholders, and not just shareholders. Stakeholders can include investors, owners, employees, vendors, customers, and the general public at large. The focus is on long-term value creation, not merely enhancing shareholder value.

Drew walks Allan through some very compelling arguments in favor of this model, and Drew and Allan together tie it to how CISOs can implement and fund cybersecurity...

Random highlights:

1. The short-sightedness of quarter-over-quarter thinking

2. Comparison to the Chinese Communist Party, who gets a big thumbs down from both Drew and Allan, but who do get credit for being able to enact truly long-term plans.

3. Jack Welch and other prominent CEOs advocating for aspects of stakeholder capitalism

4. Random tie-ins to cybersecurity all throughout.

Allan is stoked to have Drew join him as co-host, and this show is most definitely one of the more philosophical episodes, while still grounding itself in the practicalities of running cybersecurity programs.

Y'all be good now!