Stockholder theory of neglecting the interests of employees

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Concerning the Purpose of the Corporation, recall that Ed Freeman’s stakeholder theory accused Milton Friedman’s stockholder theory of neglecting the interests of employees, vendors, customers and the general public and of being basically immoral. Yet, in his analysis of the two theories, Boatright proved that Milton Friedman’s stockholder theory__________. (a) was guilty of all the faults Ed Freeman leveled against it, (b) was inferior to Freeman’s stakeholder theory, (c) already took into account all of the interests of those whom Freeman said were neglected, (d) had all of the faults alleged by Freeman, but was still an essential part of business.

Reference no: EM13984272

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