Tomorrows Capitalist, Alan Murray
Tomorrows Capitalist, Alan Murray
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Tomorrow's Capitalist
My Search for the Soul of Business

Author: Alan Murray, Catherine Whitney

Narrator: Alan Murray, Patryce Williams, BJ Harrison

Unabridged: 9 hr 7 min

Format: Digital Audiobook Download

Publisher: PublicAffairs

Published: 05/10/2022


Synopsis

In an era of political and cultural extremism, America’s corporate leaders have emerged as the pragmatic center of a movement for social and economic progress.

The core tenets of a capitalist system that dominated the world for more than a century are being challenged as never before. Narratives about the failures of capitalism, the greed of the 1 percent, and the blindness of corporations to public need have made their mark and are driving change. These aren’t the superficial cosmetic fixes that generated so much cynicism in the past, but a revolution in the way corporations are imagined and run. 

Tomorrow’s Capitalist reveals how corporate CEOs—the ultimate pragmatists—realized that they could lose their “operating license” unless they tackle the fundamental issues of our time: climate, diversity and inclusion, and inequality and workforce opportunity. Responding to their employees and customers who are demanding corporate change, they have taken the lead in establishing the bold new principles of stakeholder capitalism, ensuring that for the first time in more than a half a century it is not just shareholders who have a say in how corporations are run.

Alan Murray vividly captures the zeitgeist of the real and compelling dynamic that is transforming much of the corporate world.

Reviews

Goodreads review by Venky on October 15, 2023

On the 3rd of December 2016, the crème de la crème of the corporate world assembled at the Clementine Hall in the Vatican for a private audience with Pope Francis. These torch bearers of twentieth century capitalism committed to a Social Compact in the presence of one of the holiest of men, vowing t......more

Goodreads review by Nathan on July 15, 2022

Capitalism has come under severe scrutiny, with blame placed on corporate leaders who benefit from the inequalities of a global capitalist system. Alan Murray, with over 30 years in business journalism, writes Tomorrow's Capitalist to defend global capitalism and corporations while acknowledging the......more

Goodreads review by Chad on October 29, 2022

Corporations in the capitalist system have evolved such that the voices of their CEOs now carry an expectation beyond profit & loss. Whereas shareholders of these companies were the loudest voice, social and cultural tectonic shifts place these CEOs, and often the market positions of these companies......more

Goodreads review by Sveta on March 12, 2023

If you have faith that the likes of Amazon and Walmart will 'save the planet', 'protect workers', 'build communities', and '[insert your fave platitude here]' with zero government oversight because they signed a non-binding agreement to do so, then this one's for you.......more


Quotes

“With decades of experience studying, investigating, and educating the public about business and capitalism, Alan Murray has tapped into a fundamental truth—one that is both pragmatic and moral: Companies can only grow and prosper if they invest in their employees, serve their customers, support their communities, and recognize their responsibility to help lift up all of society—rather than ignore or ‘drive by’ those who have been left behind. Murray gets it, and in Tomorrow’s Capitalist he lays it out in a compelling, thought-provoking work that can benefit every budding capitalist and business leader.”—Jamie Dimon, chairman and CEO, JP Morgan Chase

“Business readers will find plenty to ponder… A wide-ranging reconsideration of long-held ideas about doing business.”—Kirkus Reviews

“Is the shift to stakeholder capitalism for real? Could business indeed discover a moral compass? Drawing on hundreds of conversations with the world’s leading CEOs, Murray makes the case that we are living through a moment of profound change in how business leaders understand their role, and argues that this shift is already changing the way that business operates.”—Rebecca Henderson, John and Natty McArthur University Professor, Harvard University, and author of Reimagining Capitalism in a World on Fire

Alan Murray illuminates the path for anyone who aspires to be on the right side of the history of capitalism. From his unique vantage point, Murray paints an inspiring portrait of how business can and ought to work—and of how leaders can and ought to lead—in our now-fused world where political, social, environmental, biological, ethical, and moral issues that were once considered tangential to an organization’s agenda are increasingly viewed as inescapably at the center of it. Murray assembles the right playbook for what business does best—innovating at scale—but designed to meet the imperatives of a post-pandemic world: creating value by truly serving people and putting their concerns and hopes at the core of operations.”—Dov Seidman, author of How and founder and chairman, LRN and the HOW Institute for Society

Practical, hopeful, and convincing. A must-read for all in leading positions who want to seize the biggest opportunity we have of our times and position themselves well for a prosperous future. As more companies commit themselves to a purpose larger than profits, there is increasing evidence that it might be to the shareholders’ best interest as well.”—Paul Polman, cofounder and chair, IMAGINE, and former CEO, Unilever

“Alan Murray’s keen insight, gleaned from decades of in-depth conversations with corporate leaders and his own shrewd, front-row observations of the shifting priorities of American business, is on abundant display in Tomorrow’s Capitalist. His surgical dissection of the motives and pressures driving decision-making at the heart of capitalism, combined with often warm (but always revealing) firsthand anecdotes finds there is reason to hope.”—Ginni Rometty, former chair, president, and CEO, IBM

“No American journalist has a keener understanding of the interrelationships between business, public policy, and society than Alan Murray. In this landmark work, he shares all he has learned in forty years as a premier economic journalist. Murray has the rare quality of balance in these polarized times as he assays all that is transpiring in the business world and what it means.”—Lawrence H. Summers, Charles W. Eliot University Professor and president emeritus, Harvard University, and former secretary of the treasury under President Clinton

“Alan Murray tracks the essential moments—and seminal leadership—that brought us to this new era of stakeholder capitalism with characteristic verve and unrivaled industry insights.”—Alex Gorsky, executive chairman, Johnson & Johnson

“In Tomorrow’s Capitalist, Alan Murray shows us that profit needn’t be separated from purpose. It’s a false choice. The task now is to answer which principles will shape capitalism 2.0.”—Satya Nadella, executive chairman and CEO, Microsoft

Alan Murray is at the vanguard of rethinking capitalism to meet the great challenges of our times. He has convened global leaders across sectors, asked the difficult questions, and led the rigorous and honest dialogue that is necessary for change. Tomorrow’s Capitalist is the compelling story of Murray’s journey at the center of this critical discussion, and it is required reading for all who believe that capitalism needs an upgrade. Through his belief in the possibilities of capitalism and the clarity of his call to action, Murray inspires and challenges all of us to do better.”—Dan Schulman, president and CEO, PayPal