Benjamin Heineman Jr., former senior vice president of GE, C.K. Prahalad, management consultant and author, and Chuck Prince, retired CEO and chairman of Citigroup, discuss the issues facing the continued growth of globalization. They focus primarily on the rise of the multinational corporation and the difficulties of creating international business agreements on issues like human rights and environmental conservation.
Benjamin W. Heineman Jr.
Benjamin W. Heineman, Jr., is a senior fellow at Harvard Law School's Program on the Legal Profession and a senior fellow at the Belfer Center for Science and International Affairs at Harvard's Kennedy School of Government.
His teaching and research focus on the global anti-corruption movement, corporate citizenship and social responsibility, the corporate response to terrorism, corporate governance, and corporations and public policy.
Previously he was General Electric's senior vice president for law and public affairs and before that a senior vice president and general counsel. During the Carter administration, he was an assistant secretary at the Department of Health, Education, and Welfare.
Coimbatore Krishnao Prahalad
C.K. Prahalad is Paul and Ruth McCracken Distinguished University Professor of Strategy at the University of Michigan Business School. He is a globally recognized business consultant who has worked with senior management at many of the world's top companies.
Prahalad's groundbreaking article, "The End of Corporate Imperialism", won the 1998 McKinsey Prize as the year's best Harvard Business Review article. With Professor Stu Hart, he co-authored a seminal working paper The Strategies for the Bottom of the Pyramid, helping to launch a global movement towards private-sector solutions for global poverty.
Prahalad was named the most influential management thinker alive by Thinkers 50 in 2007 and again in 2009.
Charles Prince is the retired chairman and CEO of Citigroup Inc.
Previously, he served as chairman and CEO of Citi Markets & Banking, providing corporations, governments, and institutional investors in more than 100 countries with corporate and investment banking, sales and trading, and transaction services. He also served as Citigroup's chief operating officer.
He began his career as an attorney at U.S. Steel Corporation and the Commercial Credit Company, a predecessor company to Citi. He has also co-chaired the Partnership for New York City, a network of business leaders, and was chairman of the Financial Services Forum, an association of chief executive officers representing the largest and most diversified U.S. financial institutions.
Former GE senior vice president Benjamin Heineman Jr. discusses the need for large, multinational corporations to not only adhere to but also to enforce strict ethical guidelines, especially in countries that lack such guidelines.
Chuck Prince, retired chairman and CEO of Citigroup, discusses what he believes to be the two biggest issues slowing down the progress of globalization: the backlash against the displacement of jobs and a global resurgence of national pride.
Chuck Prince, Benjamin Heineman, and management consultant, author, and professor C.K. Prahalad discuss the challenge of balancing the benefit of short-term profits with the cost of implementing longer-term social changes.