Norman Linebarger on stakeholder capitalism
From BSR Conference 2015: Tom Linebarger, Chairman and Chief Executive Officer, Cummins Inc. · · BSR
“We don't see it as a trade-off our view and the whole concept of sustainability I think is that we think by taking care of our stakeholders our employees our communities um uh uh that that we will in fact earn more for our shareholders and we think the first moment that we start thinking about the tradeoffs that are there we we've kind of lost already we're looking for innovative solutions that make both win.”
On , Norman Linebarger, Former Chairman & Chief Executive Officer at Cummins, spoke about stakeholder capitalism during BSR Conference 2015: Tom Linebarger, Chairman and Chief Executive Officer, Cummins Inc. on BSR.
About Norman Linebarger
At the 2015 BSR Conference, Tom Linebarger discussed his upbringing and the influence of his mother, who raised him and his brother after a divorce. He credited her with instilling a strong work ethic and a sense of responsibility to "make the world a more fair and just place." Linebarger also addressed the Volkswagen emissions scandal, stating that he "just couldn't believe it" and described the company's actions as "cheating," adding that he did not believe the scandal was related to diesel engines themselves. Linebarger spoke about Cummins' approach to environmental regulations, noting that the company had decided to support the EPA despite customer opposition, committing resources to improving emissions. He expressed frustration with criticism of the EPA, calling the Clean Air Act and Clean Water Act "hard to think of better pieces of legislation." He also noted that investors were generally unenthusiastic about environmental sustainability, and that Cummins aimed to turn such efforts into strategic differentiators for long-term revenue and profit.