In the following two essays we will consider the social responsibility of corporations. So putting aside the questions of whether corporations are persons or not or what rights and obligations corporations may have, we now consider whether corporations or CEOs owe anything to the public good? Whether corporations can/ought to engage in social action and philanthropy? Does a corporation have nay responsibility beyond the service to its stockholders?
Friedman is a Nobel Prize-winning economist (which doesn't necessarily mean he is right). He rejects the notion that corporations owe anything toward the public good. Corporate officials' and labor leaders' moral responsibility is to serve the interests of their stockholders or their membersto make them money. For Friedman anything outside of service to stockholders is not only unnecessary but is morally wrong because it represents a misuse of funds. At bottom, Friedman, for many reasons, thinks it is dangerous for......
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Approximate Word Count: 790
Approximate Pages: 4 (260 words per double-spaced page) |