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27 Feb 2008, 12:23 pm
There is nice piece in next month's Forbes on Kimco Realty Corporation and Milton Cooper: Beyond the Big Box. [read post]
24 Sep 2022, 4:12 pm by Steve Bainbridge
Sonnenfeld quotes Milton Friedman’s brilliant essay on corporate social responsibility out of context. [read post]
30 Sep 2020, 6:25 am
Milton Friedman wrote his famous piece about corporate social responsibility 50 years ago. [read post]
5 Oct 2022, 3:30 am by Bill Bratton
This has been displaced by Milton Friedman’s equally famous takedown of corporate social responsibility in 1970 on the pages of the Sunday New York Times. [read post]
20 Jul 2018, 6:15 am
In a 1970 New York Times article, Milton Friedman proclaimed that the business of business was business, and corporations primarily need to focus on shareholder value. [read post]
23 Jan 2018, 2:46 pm by Steve Bainbridge
Blackrock CEO Lawrence Fink recently sent a letter to corporate CEOs, which some are arguing is intended to--or at least will have the effect of--undermining Nobel economist Milton Friedman's famous... [[ This is a content summary only. [read post]
27 Dec 2020, 9:09 pm by Nives Dolšak
Fifty years ago, Milton Friedman made the case that socially responsible firms should focus on a single objective: maximizing profits for their shareholders. [read post]
24 Nov 2006, 5:38 am
Henry Manne writes in today's WSJ about corporate social responsibility in honor of Milton Friedman -- who Henry observes was right all along. [read post]
12 Aug 2019, 12:37 pm by Steve Bainbridge
Ann Lipton: Milton Friedman, shareholder primacy’s true north, wrote: In a free-enterprise, private-property system, a corporate executive is an employee of the owners of the business. [read post]
21 Apr 2021, 6:21 am
Fifty years ago last month, economist and Nobel laureate Milton Friedman published his famous essay in The New York Times Magazine arguing that the social responsibility of businesses is to increase their own profits. [read post]
22 Dec 2016, 1:01 am
The headline of Milton Friedman’s 1970 New York Times Magazine article: “The social responsibility of a business is to increase its profits” reflects a widely held view that only “socially responsible” investors benefit directly from corporate actions that are deemed socially responsible. [read post]
18 Aug 2012, 1:52 pm by Stefan Padfield
The “corporate social responsibility” (CSR) movement can be explained by contrasting it with Milton Friedman’s proposition (here) that: [I]n a free society … there is one and only one social responsibility of business–to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud. [read post]
21 Apr 2017, 6:29 am
They demonstrate the pernicious effect of the agency theory promoted by Milton Friedman (1970) and Michael Jensen and William Meckling (1976), a theory still endorsed today by a majority of academic economists and lawyers who write about and teach corporate governance. [read post]
21 Apr 2017, 6:29 am
They demonstrate the pernicious effect of the agency theory promoted by Milton Frenchman (1970) and Michael Jensen and William Meckling (1976), a theory still endorsed today by a majority of academic economists and lawyers who write about and teach corporate governance. [read post]
25 Nov 2016, 1:04 am
The agency cost theory, along with Eugene Fama’s efficient market theory and Milton Friedman’s 1970 dictum that the sole purpose of the business corporation is to maximize profits for its shareholders, have been used to promote legislation, regulation and so-called “best practices” designed to limit the power of management and boards of directors to defend strategies designed to create sustainable long-term growth. [read post]