STAKEHOLDER VS. SHAREHOLDER DEBATE: SOME SKEPTICAL REFLECTIONS

STAKEHOLDER VS. SHAREHOLDER DEBATE: SOME SKEPTICAL REFLECTIONS

Which is right? Corporate managers should promote the interest of stakeholders or they should do this for shareholders? I argue the latter because corporate managers get hired with the clear understanding that that is their job, the purpose of their office. Arguing against this assumes a perverse co...

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Veröffentlicht in:Contemporary readings in law and social justice 2017, Vol.9 (1), p.7-13
1. Verfasser: Machan, Tibor R
Format: Artikel
Sprache:eng
Schlagworte:
Analysis
Business Economy / Management
Business Ethics
Coffee
Corporate governance
Corporate social responsibility
Legal system
Morality
Photographers
Property rights
Social development
Social responsibility
Stakeholders
Stockholders
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Zusammenfassung:Which is right? Corporate managers should promote the interest of stakeholders or they should do this for shareholders? I argue the latter because corporate managers get hired with the clear understanding that that is their job, the purpose of their office. Arguing against this assumes a perverse conception of property rights and should not be sanctioned by the legal system.
ISSN:1948-9137
2162-2752
DOI:10.22381/CRLSJ9120171