Mazzucato proposes CEO contracts for societal goals

Author Mariana Mazzucato advocates for a fundamental shift in corporate governance, suggesting that CEOs should have their performance contracts explicitly tied to achieving societal goals, not just financial metrics. She argues that the current economic system is inherently designed to hinder progress towards positive societal outcomes. Mazzucato's new book, 'The Common Good Economy: A New Compass,' outlines this vision for a more purpose-driven economy where accountability extends beyond shareholder value to encompass broader community and environmental well-being.