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Transforming ownership to create a better economy | Armin Steuernagel | TEDxZurich
30,809 views |
Armin Steuernagel |
TEDxZurich
• November 2017
Private ownership of companies drives our economic system but it has also created corporations that put profit above everything else, a divided society and a planet on the brink of destruction. Armin Steuernagel proposes a new way to think about ownership: steward ownership. It replaces executives with leaders who are truly responsible and accountable. It creates an economy where companies are owned by the most able, not by the highest bidder, and where a purpose is at the heart of every company’s DNA.
A serial entrepreneur and author, Armin founded his first business at the age of 16. He is co-founder and managing partner of Purpose Foundation and Purpose Capital. He works to help companies stay mission-driven by transforming the ownership structure: they become steward-owned companies. Armin is member of the Club of Rome, TT30, co-founder of the international NGO Democracy International and co-founder of the Think Tank Neopolis Network.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx