Immelt: ‘Role of CEO More Complicated Than Ever Before’

The video discusses the evolving responsibilities of companies, emphasizing the need for CEOs to balance social and shareholder interests. It critiques Milton Friedman's shareholder theory, highlighting the shift towards a more nuanced corporate role. The speaker reflects on globalization's impact on workforce management and stresses the importance of adapting business strategies, especially in light of COVID-19's challenges.

What are the various constituencies that companies are beholden to, according to the text?

How has the role of the CEO changed in today's business environment?

What impact did Milton Friedman’s ideas have on corporate responsibilities over the past 50 years?

What challenges do companies face when considering their social responsibilities?

In what ways did the COVID-19 pandemic highlight risks associated with global manufacturing strategies?