Milton friedmans views on corporate social responsibility

Reference no: EM13525678

The criticisms of Milton Friedman’s views on “corporate social responsibility” include:

1 Managers in corporations do not have an obligation to earn the greatest amount of profit for shareholders without regard for the means used

2 Managers have an obligation to secure shareholders’ equity, and this may require taking into consideration a number of factors not directly related to immediate profits

3 Shareholders do not really see their investments in corporations as true ownership

4 Shareholders’ interests are not narrowly economic 5 1, 2 and 4

6 None of the above

Reference no: EM13525678

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