Income Inequality: Is This the End of “The American Dream”?
468 views · Published 7 December 2015 · 1:25:35 · Indexed 10 November 2026
Channel: Columbia Business School · 2015 · Education
Peter Georgescu, Chairman Emeritus of Young & Rubicam, spoke about the true business cost of income inequality and what CEOs should be doing to help mitigate it. In a recent New York Times opinion piece, he described how society is increasingly creating a caste system where it is becoming impossible to climb the economic ladder without exceptional talent, athletic skill or luck. While Mr. Georgescu has a unique vantage point, from his experience managing an award winning advertising agency, and graduating from elite schools like the Exeter Academy, Princeton University and Stanford Business School, he was born in Romania at the start of World War II, and had to overcome many obstacles — including exile from his native country, a five-year separation from his parents, and time in a hard-labor camp. He also authored a book entitled “The Source of Success,” about how personal values and creativity are the leading drivers of business success in the 21st Century. With an introduction by Professor Ray Horton.
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