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  • February 1992 (Revised September 2003)
  • Case

Beech-Nut Nutrition Corporation (A-1)

By: Lynn S. Paine
The CEO of Beech-Nut Nutrition Corp. must decide what to do when he receives information that the company's supply of apple juice concentrate may be adulterated. The concentrate is used in many of the company's juice products. It appears that others in the company may... View Details
Keywords: Quality; Law; Ethics; Nutrition; Management Teams; Decisions; Business or Company Management; Communication; Governance Compliance; Information Management; Corporate Finance; Food and Beverage Industry; United States
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Paine, Lynn S. "Beech-Nut Nutrition Corporation (A-1)." Harvard Business School Case 392-084, February 1992. (Revised September 2003.)
  • April 2023
  • Case

Strive Asset Management

By: Suraj Srinivasan, Lynn S. Paine and Aldo Sesia
Strive Asset Management, which launched in 2022, was actively targeting several leading U.S. companies in the upcoming 2023 proxy voting season to stop acquiescing to those large asset managers and other institutional shareholders who were pressing those companies to... View Details
Keywords: ESG; Shareholder Activism; Asset Management; Investment Funds; Corporate Governance; Risk Management; Climate Change; Diversity; Equity; Financial Services Industry; United States
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Srinivasan, Suraj, Lynn S. Paine, and Aldo Sesia. "Strive Asset Management." Harvard Business School Case 123-088, April 2023.
  • December 1993 (Revised April 2006)
  • Case

Marriott Corporation (A)

By: Lynn S. Paine and Charles A. Nichols
Marriott Corp.'s chairman and CEO must decide whether to recommend a restructuring of the company to the board of directors. The proposal he is considering would split the Marriott Corp., a premier hotel developer, owner, and manager, into two separate companies by a... View Details
Keywords: Business or Company Management; Restructuring; Governing and Advisory Boards; Decision Making; Ethics; Management Teams; Business and Shareholder Relations; Accommodations Industry
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Paine, Lynn S., and Charles A. Nichols. "Marriott Corporation (A)." Harvard Business School Case 394-085, December 1993. (Revised April 2006.)
  • November 2004 (Revised January 2006)
  • Case

Martha Stewart (A)

By: Lynn S. Paine and Christopher Bruner
Explores Martha Stewart's December 2001 sale of ImClone Systems common stock, the ensuing federal investigations into possible insider trading, and Stewart's criminal prosecution and sentencing. Discusses the impact of publicity on Stewart's company, Martha Stewart... View Details
Keywords: Capital Markets; Corporate Governance; Financial Markets; Management Teams; Law; Government and Politics
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Paine, Lynn S., and Christopher Bruner. "Martha Stewart (A)." Harvard Business School Case 305-034, November 2004. (Revised January 2006.)
  • December 1997 (Revised October 2006)
  • Case

Merck Sharp & Dohme Argentina, Inc. (A)

By: Lynn S. Paine and Hal Hogan
Describes the efforts of the new managing director of Merck's subsidiary for Argentina, Uruguay, and Paraguay to transform the organization and its culture. Focuses on a critical decision: whether to offer the son of a high-ranking official in the government's national... View Details
Keywords: Business or Company Management; Ethics; Decision Making; Organizational Change and Adaptation; Organizational Culture; Leadership; Cross-Cultural and Cross-Border Issues; Conflict of Interests; Argentina; Uruguay; Paraguay
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Paine, Lynn S., and Hal Hogan. "Merck Sharp & Dohme Argentina, Inc. (A)." Harvard Business School Case 398-033, December 1997. (Revised October 2006.)
  • 2023
  • Working Paper

Corporate Leaders Say They Are for Stakeholder Capitalism—But Which Version Exactly?: A Critical Look at Four Varieties

By: Lynn S. Paine
The past few years have seen an outpouring of articles and statements heralding the arrival of a new and more inclusive form of capitalism often called stakeholder capitalism. The new capitalism promises to strengthen companies, improve outcomes for their... View Details
Keywords: Stakeholder Capitalism; Corporate Governance; Governing and Advisory Boards; Business and Stakeholder Relations; Economic Systems; Business and Shareholder Relations
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Paine, Lynn S. "Corporate Leaders Say They Are for Stakeholder Capitalism—But Which Version Exactly? A Critical Look at Four Varieties." Harvard Business School Working Paper, No. 24-008, August 2023.
  • September–October 2023
  • Article

What Does 'Stakeholder Capitalism' Mean to You?: A Guide to the Four Main Types

By: Lynn S. Paine
Business leaders are being urged to adopt a multistakeholder approach to governance in place of the shareholder-centered approach that has guided their work for several decades. But through hundreds of interviews with directors, executives, investors, governance... View Details
Keywords: Stakeholder Capitalism; Corporate Governance; Business and Shareholder Relations; Business and Stakeholder Relations; Organizational Structure; Trust
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Paine, Lynn S. "What Does 'Stakeholder Capitalism' Mean to You? A Guide to the Four Main Types." Harvard Business Review 101, no. 5 (September–October 2023): 108–119. (Reprinted in HBR’s 10 Must Reads 2025: The Definitive Management Ideas of the Year from Harvard Business Review 2025, Boston, Mass: Harvard Business Review Press, 2025, pp. 115-132.))
  • February 1999 (Revised October 2009)
  • Case

Royal Dutch/Shell in Nigeria (A)

By: Lynn S. Paine and Mihnea C. Moldoveanu
Working with Shell's country manager for Nigeria, the company's Committee of Managing Directors must decide how to respond to the Nigerian government's decision to impose the death sentence on Ken Saro-Wiwa and eight other leaders of a movement for the rights of the... View Details
Keywords: Ethics; Multinational Firms and Management; Courts and Trials; Rights; Corporate Social Responsibility and Impact; Business and Government Relations; Environmental Sustainability; Social Issues; Nigeria
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Paine, Lynn S., and Mihnea C. Moldoveanu. "Royal Dutch/Shell in Nigeria (A)." Harvard Business School Case 399-126, February 1999. (Revised October 2009.)
  • 14 Jul 2020
  • Research & Ideas

Restarting Under Uncertainty: Managerial Experiences from Around the World

lasted around 60 minutes. Note from the authors Creation of this report would not have been possible without the collaboration of the Harvard Business School Research Centers and the Italian Association of Small and Medium Enterprises Confapi. We want to thank in... View Details
Keywords: by Raffaella Sadun, Andrea Bertoni, Alexia Delfino, Giovanni Fassio, and Mariapaola Testa
  • 2007
  • Article

Putting Codes into Perspective

By: Lynn Paine
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Paine, Lynn. "Putting Codes into Perspective." Zeitschrift für Wirtschafts- und Unternehmensethik 8, no. 1 (2007): 29–32.
  • 27 Apr 2006
  • Keynote Speech

Global Standards of Corporate Conduct: What are the Prospects?" Speaker. "Regulatory Policy Program: Business and Government Seminar Series

By: Lynn Paine
Keywords: Standards; Global Range
Citation
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Paine, Lynn. Global Standards of Corporate Conduct: What are the Prospects?" Speaker. "Regulatory Policy Program: Business and Government Seminar Series. New Directions in Regulation Seminar Series, Harvard Kennedy School Regulatory Policy Program, Cambridge, MA, April 27, 2006.
  • 9 Dec 2005
  • Keynote Speech

Accountable Leadership: Preparing Students for a New Era." Speaker. "Harvard Busienss School Campaign Celebration

By: Lynn Paine
Keywords: Leadership; Teaching
Citation
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Paine, Lynn. Accountable Leadership: Preparing Students for a New Era." Speaker. "Harvard Busienss School Campaign Celebration. Harvard Business School Campaign Celebration, Boston, MA, December 9, 2005.
  • 09 Jun 2006
  • Keynote Speech

The Case for Global Business Standards: Business Ethics and Corporate Social Responsibility in a Global Economy." Keynote speaker. "POLITEIA Annual Forum

By: Lynn Paine
Keywords: Standards; Corporate Social Responsibility and Impact; Global Range
Citation
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Paine, Lynn. The Case for Global Business Standards: Business Ethics and Corporate Social Responsibility in a Global Economy." Keynote speaker. "POLITEIA Annual Forum. Politeia Annual Forum, Politeia, Milan, Italy, June 09, 2006.
  • 2006
  • Chapter

The Corporation's Evolving Personality

By: Lynn Paine
Keywords: Business Ventures; Organizational Culture; Organizational Change and Adaptation
Citation
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Paine, Lynn. "The Corporation's Evolving Personality." Chap. 22 in Developing Business Ethics in China, edited by Xiaohe Lu, Georges Enderle, and Jonathan Noble, 237–246. New York: Palgrave Macmillan, 2006.
  • 06 Aug 1995
  • Lecture

Business Ethics in an Organizational Context." Panelist. "Society for Business Ethics Annual Meeting

By: Lynn S. Paine
Keywords: Ethics; Organizations
Citation
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Paine, Lynn S. Business Ethics in an Organizational Context." Panelist. "Society for Business Ethics Annual Meeting. Lecture at the Society for Business Ethics Annual Meeting, Vancouver, British Columbia, Canada, August 06, 1995.
  • 08 Sep 1995
  • Lecture

Ideas and Issues Raised at the Conference." Speaker. "Corporate Crime in America: Strengthening the 'Good Citizen' Corporation

By: Lynn S. Paine
Keywords: Innovation and Invention
Citation
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Paine, Lynn S. Ideas and Issues Raised at the Conference." Speaker. "Corporate Crime in America: Strengthening the 'Good Citizen' Corporation. Lecture at the Symposium on Crime and Punishment in the United States, United States Sentencing Commission, Washington, DC, September 08, 1995.
  • 14 Aug 1996
  • Keynote Speech

Business Ethics: From Principles to Practice - Closing the Ethics Gap." Seminar leader. "Executive Seminar sponsored by Universidad de San Andres, Department of Management

By: Lynn S. Paine
Keywords: Theory; Practice; Ethics
Citation
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Paine, Lynn S. Business Ethics: From Principles to Practice - Closing the Ethics Gap." Seminar leader. "Executive Seminar sponsored by Universidad de San Andres, Department of Management. Universidad de San Andres Department of Management Executive Seminar, Buenos Aires, Argentina, August 14, 1996.
  • 4 Nov 1997
  • Lecture

Reflections on Some Preserving Principles of Capitalism in a Democracy." Commentator. "Hansen-Wessner Memorial Lecture

By: Lynn S. Paine
Keywords: Economic Systems; Government and Politics
Citation
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Paine, Lynn S. Reflections on Some Preserving Principles of Capitalism in a Democracy." Commentator. "Hansen-Wessner Memorial Lecture. Harvard Divinity School, Center for the Study of Values in Public Life, Cambridge, MA, November 4, 1997.
  • 26 Oct 1998
  • Lecture

Building Organizational Integrity: The Role of Leadership." Speaker. "Annual Congress of the International Federation of Stock Exchanges

By: Lynn S. Paine
Keywords: Trust; Leadership; Organizations
Citation
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Paine, Lynn S. Building Organizational Integrity: The Role of Leadership." Speaker. "Annual Congress of the International Federation of Stock Exchanges. Lecture at the International Federation of Stock Exchanges General Assembly and Annual Meeting, Kuala Lumpur, Malaysia, October 26, 1998.
  • 17 Apr 1999
  • Lecture

The Spirit of Capitalism: Ethics in a Global Marketplace." Panelist. "Harvard University Committee on University Resources Annual Meeting

By: Lynn S. Paine
Keywords: Economic Systems; Ethics; Globalized Markets and Industries
Citation
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Paine, Lynn S. The Spirit of Capitalism: Ethics in a Global Marketplace." Panelist. "Harvard University Committee on University Resources Annual Meeting. Lecture at the Harvard University Committee on University Resources Annual Meeting, Cambridge, MA, April 17, 1999.
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