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    • News  (54)
    • Research  (496)
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  • Faculty Publications  (501)

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  • All HBS Web  (605)
    • News  (54)
    • Research  (496)
    • Multimedia  (1)
  • Faculty Publications  (501)
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  • 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.
  • 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.)
  • July–August 2014
  • Article

Sustainability in the Boardroom: Lessons from Nike's Playbook

By: Lynn S. Paine
One surprising role of Nike's corporate responsibility committee is to provide support for innovation. More and more companies recognize the importance of corporate responsibility to their long-term success—and yet the matter gets short shrift in most boardrooms,... View Details
Keywords: Corporate Governance; Corporate Accountability; Globalized Firms and Management; Corporate Social Responsibility and Impact; Environmental Sustainability; Apparel and Accessories Industry; Sports Industry
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Paine, Lynn S. "Sustainability in the Boardroom: Lessons from Nike's Playbook." Harvard Business Review 92, nos. 7/8 (July–August 2014): 87–94.
  • 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.)
  • 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.))
  • 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.
  • 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.)
  • 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.)
  • 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
  • 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
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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
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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
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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.
  • 31 Mar 2006
  • Keynote Speech

Leadership and Corporate Accountability." Speaker. "Caux Round Table

By: Lynn Paine
Keywords: Leadership
Citation
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Paine, Lynn. Leadership and Corporate Accountability." Speaker. "Caux Round Table. Caux Round Table, Cambridge, MA, March 31, 2006.
  • 14 Nov 2005
  • Lecture

Comments on Ed Balleisen's 'Exposing Fraud in Nineteenth-Century America.'" Speaker. "Business History Seminar

By: Lynn Paine
Keywords: Business History; United States
Citation
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Paine, Lynn. Comments on Ed Balleisen's 'Exposing Fraud in Nineteenth-Century America.'" Speaker. "Business History Seminar. Lecture at the Harvard Business School Business History Seminar, Boston, MA, November 14, 2005.
  • 30 Sep 2005
  • Lecture

Leadership and Corporate Accountability: Educating MBAs for a New Era." Speaker. "Stanford Center on Ethics

By: Lynn Paine
Keywords: Leadership; Corporate Accountability; Business Education
Citation
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Paine, Lynn. Leadership and Corporate Accountability: Educating MBAs for a New Era." Speaker. "Stanford Center on Ethics. Stanford Center for Ethics in Society, Stanford, CA, September 30, 2005.
  • 2008
  • Chapter

The Value Shift

By: Lynn Paine
Keywords: Values and Beliefs
Citation
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Paine, Lynn. "The Value Shift." In Humanism in Business: Perspectives on the Development of a Responsible Business Society, edited by Michael Pirson. Cambridge, U.K.: Cambridge University Press, 2008.
  • 03 Mar 2006
  • Lecture

Human Behavior, Trust, and Corruption." Panel Moderator. "Research on Corruption and its Control: The State of the Art

By: Lynn Paine
Keywords: Trust; Behavior; Crime and Corruption
Citation
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Paine, Lynn. Human Behavior, Trust, and Corruption." Panel Moderator. "Research on Corruption and its Control: The State of the Art. Lecture at the Research on Corruption and its Control : the State of the Art, Zicklin Center for Business Ethics Research, March 03, 2006.
  • 24 Mar 2006
  • Keynote Speech

Leadership and Corporate Accountability." Speaker. "India Research Center Inauguration Symposium

By: Lynn Paine
Keywords: Leadership
Citation
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Paine, Lynn. Leadership and Corporate Accountability." Speaker. "India Research Center Inauguration Symposium. Harvard Business School India Research Center Inauguration Symposium, Mumbai, India, March 24, 2006.
  • 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.
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