Dinner on the Future of Capitalism
The Committee for Economic Development hosted a policy dinner on April 20, 2011 in New York City, to discuss the future of capitalism. Roger Ferguson, President and CEO of TIAA-CREF - and CED's incoming Co-Chair - and Dominic Barton, Global Managing Director of McKinsey & Company, were our featured speakers.
Roger and Dominic made compelling presentations and both highlighted the importance of companies' setting strategies in the best interest of the people they serve - customers and employees, as well as shareholders - to promote long-term stability and growth. They further discussed rethinking the fundamental ways we govern, manage and lead corporations with a focus on business' value and its role in society. Joining us for the dinner were CED Trustees, members, and other chief and senior corporate executives.
Dominic Barton is the global managing director of McKinsey. In his 24 years with the firm, Dominic has advised clients in a range of industries - including banking, consumer goods, high tech, and industrial - with his core area of work in financial-sector development and reform. In his current role as managing director, Dominic continues to spend half of his time working with clients.
Roger W. Ferguson, Jr., is President and Chief Executive Officer of TIAA-CREF, the leading provider of retirement services in the academic, research, medical, and cultural fields, and a Fortune 100 financial services organization with more than $450 billion in combined assets under management. Mr. Ferguson served as Vice Chairman of the Board of Governors of the U.S. Federal Reserve System. He was a voting member of the Federal Open Market Committee, served as Chairman of the Financial Stability Forum, and chaired Federal Reserve Board committees on banking supervision and regulation, payment system policy, and reserve bank oversight.