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T
H E L AT E MILTON FR IED MA N, a long-time
economic advisor to American presidents,
stated: "The sole purpose of business is to
maximize profit." You may recall the movie Wall Street,
in which Michael Douglas speaks to a vast audience of
shareholders and proclaims, "The point is, ladies and
gentlemen, that greed, for lack of better word, is good.
Greed works...and greed...will not only save companies,
but that other malfunctioning corporation called the USA."
The impact of this leadership paradigm is strikingly clear today. Today, we see 12 million Americans
walking out of their homes, their savings gone, and retirement impossible. We are witness to a
profound loss of hope, and a loss of belief and confidence in long standing leadership paradigms. As it
turns out, greed, and its underlying "power-based model of leadership," is not good for the people, or
for leading countries or corporations.
The Case for Values-Based Leadership:
Maximizing People and Profitability
M A N AG E M E N T A N D L E A D E R S H I P
