CFA Institute Take 15 Series: 10-15 minute interviews with leading practitioners on timely topics in market and credit risk as well as ethics. CFA Institute is a global membership organization that awards the Chartered Financial Analyst® (CFA®) designation. CFA Institute leads the investment industry by setting the highest standards of ethics and professional excellence and vigorously advocating fair and transparent capital markets.

Professor Luigi Zingales discusses Capitalism and the economic system—what works, what doesn’t work, and what can be done to fix the parts that are broken. Zingales focuses on the problems with capitalism, such as the concentration of market power and where distortions occur that benefit the few—not the many. In addition, Zingales proposes a unique alternative to the public company model of maximizing shareholder wealth and recommends companies instead  "maximize shareholder welfare” to focus on what investors care about—not just profits and market value—but also the environment, governance, and society. 

Direct download: Fixing_the_Broken_Side_of_Capitalism.mp3
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