The model of a company where profits are secondary to social responsibility just doesn't work.
Corporations are the only device society has to effectively create wealth.
It's impossible nowadays to run a company without expecting some type of acquisition. Phan is the Bruggeman Professor of Entrepreneurship at Rensselaer's Lally School of Management and Technology. He is a consultant to the World Bank and the Organization for Economic Cooperation and Development on corporate governance best practice initiatives, and has been a consultant with Fortune 500 firms and their Asian equivalents.