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Stakeholder

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Issue:

Business

 

Written by:

Amy A

 

Date added:

May 24, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1545

 

Was viewed:

595 times

 

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Essay content:

Nobel-prize winning economist, Milton Friedman, takes the view that stockholders are owners of the business and are entitled to its profits while managers are agents of the stockholders, and do not have any right to donate money to charity. This viewpoint is embodied in the legal opinion “Dodge v. Ford Motor Company”, in which the court ruled that the benefits of higher salaries for employees and lower auto prices for consumers could not take priority over stockholder interests...
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Ford Motor Company”, in which the court ruled that the benefits of higher salaries for employees and lower auto prices for consumers could not take priority over stockholder interests. The stock chart below illustrates how Wal-Mart, one of the companies seen as being stockholder focused, has benefited its stockholders immensely over the last three decades...
displayed 300 characters

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