1. Milton Friedman Attacked Stakeholder Capitalism Before it Was Popular

    Milton Friedman Attacked Stakeholder Capitalism Before it Was Popular

    Exactly 50 years ago, economist Milton Friedman argued that corporate boards should focus on maximizing shareholder value and not get wrapped up in trying to achieve other objectives. The conventional wisdom in boardrooms today seems to be that Friedman was wrong. In fact, though, a lot of what he wrote was spot on...

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    1. While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders.
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