Perspectives: Stakeholder Capitalism and COVID-19

Jay Owen Reforming Global Finance, SRI/ESG News

“Ethical markets is happy to post this articleby our esteemed Advisory Board member, Rinaldo  Brutoco, CEO, World Business Academy, our key long term Partner.

~Hazel Henderson, Editor”

Stakeholder Capitalism and COVID-19

By Rinaldo S. Brutoco

The following Perspectives column was published in the March 19th (online and printed) edition of the Montecito Journal as well as the World Business Academy website.

Companies have begun to slash their services in response to the coronavirus pandemic. Airlines have cut 20 percent of their flights and placed a freeze on new hiring. Hotels are more than half empty in a setback the tourism industry characterizes as worse than what accompanied the 9/11 tourist attacks. Sports arenas are shuttered; schools are closed; public gatherings are increasingly being halted. Continue reading…