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  2. Friedman doctrine - Wikipedia

    en.wikipedia.org/wiki/Friedman_doctrine

    Friedman introduced the theory in a 1970 essay for The New York Times titled "A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits". [2] In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders. [2]

  3. Milton Friedman - Wikipedia

    en.wikipedia.org/wiki/Milton_Friedman

    This modification, however, had a significant effect on Friedman's own approach, so, as a result, the theory of the Friedmanian Phillips curve also changed. [113] Moreover, new classical adherent Neil Wallace , who was a graduate student at the University of Chicago between 1960 and 1963, regarded Friedman's theoretical courses as a mess ...

  4. Milton Friedman Was Right About Shareholder Capitalism

    www.aol.com/news/milton-friedman-shareholder...

    (Bloomberg Opinion) -- My Bloomberg Opinion colleague Joe Nocera is a onetime believer in Milton Friedman’s doctrine who has changed his mind. He explains why here.Fifty years ago this month ...

  5. Stakeholder theory - Wikipedia

    en.wikipedia.org/wiki/Stakeholder_theory

    Numerous articles and books written on stakeholder theory generally identify Freeman as the "father of stakeholder theory". [14] Freeman's Strategic Management: A Stakeholder Approach (1984) is widely cited in the field as being the foundation of stakeholder theory, [15] although Freeman himself refers to several bodies of literature used in the development of his approach, including strategic ...

  6. Shareholder primacy - Wikipedia

    en.wikipedia.org/wiki/Shareholder_primacy

    Shareholder primacy is a theory in corporate governance holding that shareholder interests should be assigned first priority relative to all other stakeholders. A shareholder primacy approach often gives shareholders power to intercede directly and frequently in corporate decision-making, through such means as unilateral shareholder power to amend corporate charters, shareholder referendums on ...

  7. Shareholder value - Wikipedia

    en.wikipedia.org/wiki/Shareholder_value

    The term shareholder value, sometimes abbreviated to SV, [1] can be used to refer to: . The market capitalization of a company;; The concept that the primary goal for a company is to increase the wealth of its shareholders (owners) by paying dividends and/or causing the stock price to increase (i.e. the Friedman doctrine introduced in 1970);

  8. Exxon is taking its shareholders to court as the anti-ESG ...

    www.aol.com/finance/exxon-taking-shareholders...

    The theory is not mere speculation. Shareholders, as a matter of fact, do care about multiple objectives; ... And Friedman’s 1970 essay provides a clue for what this camp fears most. Friedman ...

  9. Trading of shareholder votes - Wikipedia

    en.wikipedia.org/wiki/Trading_of_shareholder_votes

    The laissez-faire economist Milton Friedman introduced his shareholder theory of business ethics, known as the Friedman doctrine, in a 1970 essay for the New York Times. Friedman generally advocated for private property rights and specifically recommended that shareholders, rather than corporate executives or representatives, should be the ...