A Stakeholder Theory of the Modern Corporation. by R. Edward Freeman. Remember --. (Milton) Friedman ≠ (Edward) Freeman Shareholder ≠ Stakeholder. Milton (Friedman)
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R. Edward Freeman
(Milton) Friedman ≠ (Edward) Freeman
Shareholder ≠ Stakeholder
The only group that has a moral claim on the corporation is the people who own shares of the stock (that is, the shareholders).
Many groups have a moral claim on the corporation because the corporation has the potential to harm or benefit them (call these groups stakeholders).Milton (Friedman) vs. Edward (Freeman)