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Leadership

What Critics Get Wrong About Dual-Class Shares

The SpaceX IPO has renewed debate over dual-class share structures, which give founders outsized voting power. Yale SOM’s Jeffrey Sonnenfeld and co-author Steven Tian argue that these structures can create long-term shareholder value under the right conditions.

Screens in Times Square during the SpaceX IPO
  • Collection No. 12

    The Leadership Mission

    Since its founding, Yale SOM has trained students to make a difference in any professional setting. For the school’s 50th anniversary, we spoke to faculty and alumni about how they articulate meaningful missions, apply business principles creatively across sectors, and make the hard decisions that can define the course of an organization.

    An illustration of people doing tasks that represent leadership
  • You Probably Need a Mission Statement

    Professor James Baron says a genuine mission statement can help organizations of all kinds cultivate thriving internal cultures and credibility in the outside world.

    A soccer team arm in arm made up of various corporate roles, with "Mission" on their jerseys
  • Leadership Lessons from a Lifetime Investing in Tech

    Anne Glover ’78 traces her journey from shop-floor foreman to deep-tech investor and discusses the challenges facing the UK and Europe in building homegrown tech giants.

    Anne Glover speaking on stage
  • Inside the 25-Year Mission to Give India’s City Dwellers a Voice in Government

    Drawing on his experience at Yale SOM, his career in finance, and his first encounter with a New England town meeting, Ramesh Ramanathan ’89 returned to India with his wife, Swati, to help citizens shape the future of their communities.

    An aerial view of Bangalore, India.
  • Mobilizing a System to Treat People with Sickle Cell Disease

    Cece Calhoun ’21, medical director of Yale’s Sickle Cell Program, reflects on the challenges of building teams and structures to support patients facing both chronic illness and systemic inequities.

    Cece Calhoun with members of her team
  • How Dr. Bronner’s Turned a Soap Company into a Blueprint for Regenerative Business

    Darcy Shiber-Knowles ’13 has helped grow Dr. Bronner’s from a cult favorite to a force reshaping how industries think about sustainability.

    Workers loading and transporting fresh fruit bunches
  • A Guide to Getting Agentic AI Right

    Yale’s Jeffrey Sonnenfeld and coauthors present a framework for determining when and how to effectively deploy agentic AI.

    Digital workers
  • The Real Job Destruction from AI Is Hitting Before Careers Can Start

    Yale’s Jeffrey Sonnenfeld and his co-authors say that the impact of AI can be seen among recent college graduates, who are finding it harder and harder to get that first job. With no entry to the workforce, how will younger people develop the skills and wisdom to lead in the future?

    Robots
  • Apple’s CEO Transition Signals Strength, Not Uncertainty

    Yale SOM leadership expert Jeffrey Sonnenfeld and co-author Steven Tian argue that Apple is executing a model succession, with the transition from Tim Cook to John Ternus positioning the company to embed AI at scale across its global hardware ecosystem.

    John Ternus speaking in front of blown-up images of iMac computers
  • How ‘Refounding’ Can Save a Company That Has Lost Its Way

    Jon Iwata of Yale SOM’s Program on Stakeholder Innovation and Management found that companies can counter drift by revisiting their history to rediscover their original purpose and capabilities.

    A drawing of a man rowing a boat in the fog