Chobani’s CEO on the Art of Executive Stewardship

As politicians continue to decry the supposed “greed” of well-paid investors, business leaders, and entrepreneurs — promoting a variety of reforms that seek to mandate minimums or cap executive pay — one company is demonstrating the value of economic freedom and market diversity. Continue Reading...

The Poison of Anti-Immigration Protectionism

As the number of Republicans vying for the presidency reaches new levels of absurdity, candidates are scrambling to affirm their conservative bona fides. If you can stomach the pandering, it’s a good time to explore the ideas bouncing around the movement, and when necessary, prune off the poisonous limbs. Continue Reading...

Boyhood, the Masculine Spirit, and the Formative Power of Work

The modern age has introduced many blessings when it comes to child-rearing and child development, offering kids ever more opportunities for education, play, personal development, and social interaction. Yet as time, leisure, and wealth continue to increase, and as we move farther away from years of excessive and intensive child labor, we ought to be wary of falling into a different sort of lopsided lifestyle — one that over-elevates other goods (e.g. Continue Reading...

Are Fast Food Strikers Just Political Agitators?

According to Thomas McCraw, who is the author of American Business, 1920-2000: How it Worked, “More people in the U.S. workforce were getting their first job at McDonald’s than at any other employer, including the Army.” By the end of this 80 year period, McDonald’s employer turn over rate was just over 200 percent per year. Continue Reading...

Donors vs. Owners in ‘Business as Mission’ (and Beyond)

“Do economic incentives help or hinder ‘business as mission’ (BAM) practitioners?” In a forthcoming study, Dr. Steven Rundle of Biola University explores the question through empirical research. Unsatisfied with the evidence thus far, consisting mostly of case studies and anecdotes, Rundle conducted an anonymous survey of 119 “business as mission” practitioners, focusing on a variety of factors, including (1) “the source of their salary (does it come from the revenues of the business or from donors?),” and (2) “the outcomes of the business in terms of the four ‘bottom lines’ of economic, social, environmental and spiritual impact.” The reason for focusing on such areas? Continue Reading...