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Danone: Leading Change by Rejigging Purpose?

Tulsi Jayakumar, Surya Tahora

商品編號:W25287
出版日期:2021/10/22
再版日期:
商品來源:Ivey
商品主題:Organizational Behaviour/Leadership; Sustainability
商品類型:Case (Pub Mat)
涵蓋議題:purpose-driven companies;shareholder wealth maximization;stakeholder value creation;CEO mandate: economic value and ESG;responsible capitalism;stakeholder capitalism;shareholder capitalism;financial metrics;carbon-adjusted earnings per share, ESG
難易度:5 - MBA/Postgraduate
內容長度:18 頁
地域:France
產業:Manufacturing
事件年度:2021

In March 2021, faced with emphatic calls from a minority group of dissatisfied investors worried about Danone SA’s poor financial performance, Danone’s board of directors asked Emmanuel Faber, Danone’s chair and chief executive officer (CEO), to step down from his leadership position.

Danone had a long history of being a purpose-driven company, and Faber’s personal values mirrored the company’s values. Why did a historically purpose-driven company succumb to the demands of a minority of shareholders? How would Faber’s departure affect the general movement toward responsible capitalism? Was his strategy justifiable and should it be continued or rejigged under a new CEO?

教學手冊:W25288
補充材料:W25289