Chairman, Economic Growth/Smart Globalization Initiative at the New America Foundation
For most of the last century, American industry's successes were hallmarked by a commonly held belief among CEOs that they had equal responsibility to shareholders, employees, customers, communities and the nation -- and the nation as a whole was the beneficiary. But in the late '80s, with the advent of 'trickle down economics' and wildly excessive executive compensation, that sense of responsibility began to be noticeably and widely lost.