1. Business is about more than profit, 1908
At a time when success in business was equated with ruthlessness, Harvard president Charles Eliot launched a graduate school to teach executives to be moral actors in society.
The impact: The Harvard MBA remains a pinnacle achievement in higher education, and doing good is now widely considered good business.
2. The $5 workday, 1914
Henry Ford doubled his employees’ pay in the hope that other mass producers would follow, establishing a class of consumers who could afford Ford cars and other goods.
The impact: Ford helped create the middle class, but globalization and stagnant wages have since stalled the American flywheel of success.
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