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The Old Man practiced -- without consciously stating or perhaps even recognizing the idea -- what Tony Blair, the prime minister of England, used to call "stakeholding".... But the original stakeholder concept was that the privileges extended to large organizations, and especially profit-making corporations, by the broader society must be paid back to a variety of destinations.
Elaine Sternberg, a philosopher specializing in business ethics and corporate governance, alleged that stakeholding is unworkable and destroys accountability within a firm.
Why Stakeholding?
Stakeholding destroys accountability.
Stakeholding is a recipe for managerial paralysis.
The stakeholding idea has a rich history.
Stakeholding is simply one form of such architecture.
The emphasis on stakeholding has not gone unchallenged.
A variety of rationales are advanced in favour of stakeholding.
Still other experts develop ethical justifications for stakeholding.
Multiple stakeholding is a particular bane of criminal justice.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com