Profit and Purpose Go Hand in Hand: Dan Schulman and Mellody Hobson on Values-Driven Business

Corporations can play a critical role in closing the wealth gap and confronting systemic racism in America. Taking a hard look at diversity in their workforces, supply chains, and customer bases will pay off — not just in a better corporate image but in an improved economy that benefits everyone, including the corporations. “We as leaders, those of us in positions of power, have an obligation to stand up and act as true corporate citizens, says Dan Schulman, CEO of PayPal. “It also gives us competitive advantage when we do that.” Schulman and Ariel Investment Co-CEO Mellody Hobson discuss corporate responsibility, financial literacy, supporting small businesses, and more. Aspen Institute CEO Dan Porterfield leads the conversation.