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This 169-year-old, customer-owned company can teach us a lot about stakeholder capitalism

27 Aug 2020

Roger Crandall, the CEO of MassMutual, makes big bets today knowing he won’t be around to see how they play out.

Roger Crandall, chairman and CEO of Massachusetts Mutual Life Insurance, presides over a company that was founded in 1851 and boasts a customer who has had an insurance policy for 92 years. That kind of longevity—plus the MassMutual’s structure as a policyholder-owned mutual company—affords Crandall an opportunity to think about the long-term health and viability of the business rather than short-term results. He spoke with Fast Company about running a company for the benefit of customers rather than shareholders, and what CEOs who want to move toward “stakeholder capitalism” can learn from his experiences.

Read the full article here.
This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

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