Business
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 Peter Hahn, President & CEO, University of Michigan Health – West. He is also a CED Trustee. “Health care in general is a very capital-intensive, cash-intensive, labor-intensive business with fairly low margins, compared to other industries. So the absolute focus is on making sure our employees are engaged and really committed to the culture of the organization… suffice it to say, I think as a health care delivery system, we have always been about stakeholder value and the absolute importance of that.” – Peter Hahn, President & CEO, University of Michigan Health – West.