About the Authors – Capitalism at Risk, Updated and Expanded

About the Authors

Joseph L. Bower is the Donald K. David Professor of Business Administration, Emeritus, at Harvard Business School, where he has been a leader in general management for over five decades. His research has focused on the challenges involved in leading companies as they deal with important changes in the economic, social, and political environment. His books have examined government efforts to shape the restructuring of industries (When Markets Quake), the crafting of strategy through resource allocation and CEO succession (From Resource Allocation to Strategy and The CEO Within), and the interaction of business and government in the United States (Two Faces of Management). With Lynn Paine he cowrote the 2017 Harvard Business Review article, “The Error at the Heart of Corporate Leadership,” which examines the strategic costs of short-term focus on maximizing stock price. Previously, Bower served as Senior Associate Dean of Harvard Business School, founding Chairman of the school’s General Management Program, cofounder of the Harvard Kennedy School’s Senior Managers in Government program, and codeveloper of the Kennedy School’s course in public management. In addition, he recently developed a new course on strategic management in the public sector. Bower currently serves on a number of company and nonprofit boards.

Herman B. “Dutch” Leonard is the Eliot I. Snider and Family Professor of Business Administration at Harvard Business School and Cochair of the school’s Social Enterprise Initiative. He is also the George F. Baker, Jr., Professor of Public Sector Management and Cochair of the Program on Crisis Leadership at the Harvard Kennedy School. His work at Harvard Business School has focused on corporate social responsibility and the leadership of socially oriented components of business organizations. His work at the Kennedy School focuses on the management of large-scale risk. Leonard is the author of Checks Unbalanced, a book about off-budget spending and commitments by government. In addition, he is a coauthor of Entrepreneurship in the Social Sector, a casebook that focuses on major change in socially mission-driven organizations, and a coeditor of Managing Crises and Public Health Preparedness, two casebooks about the management of large-scale risk events. He holds a PhD in economics.

Lynn S. Paine is the John G. McLean Professor of Business Administration and Senior Associate Dean for International Development at Harvard Business School. She has written widely on leadership and corporate governance, with a focus on achieving both ethical and financial excellence. Her most recent articles for Harvard Business Review include “A Guide to the Big Ideas and Debates in Corporate Governance,” “Sustainability in the Boardroom,” and (with Joseph Bower) “The Error at the Heart of Corporate Leadership.” Her books include Value Shift and Cases in Leadership, Ethics, and Organizational Integrity. Cofounder of the required MBA course, Leadership and Corporate Accountability, she currently cochairs the school’s programs on corporate governance and boards of directors. She has served on numerous boards and advisory panels, including the Conference Board’s blue-ribbon Commission on Public Trust and Private Enterprise following the collapse of Enron and the Conference Board’s Task Force on Executive Compensation following the financial crisis of 2008.