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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. 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 ...

  4. Stakeholders vs. shareholders: What’s the difference?

    www.aol.com/finance/stakeholders-vs-shareholders...

    All shareholders are stakeholders, but not all stakeholders are shareholders. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail ...

  5. What Exxon and Elon tell us about the ‘myth of the ... - AOL

    www.aol.com/finance/exxon-elon-tell-us-myth...

    The idea that corporate America is built on shareholder primacy is largely fiction. What Exxon and Elon tell us about the ‘myth of the shareholder franchise’ Skip to main content

  6. 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 ...

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

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

    The champions of profit primacy want to limit the range of shareholder input so that raising anything beyond the bottom line is deemed illegitimate. And Friedman’s 1970 essay provides a clue for ...

  8. Dodge v. Ford Motor Co. - Wikipedia

    en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.

    Dodge v. Ford Motor Co., 204 Mich 459; 170 NW 668 (1919), [1] is a case in which the Michigan Supreme Court held that Henry Ford had to operate the Ford Motor Company in the interests of its shareholders, rather than in a manner for the benefit of his employees or customers.

  9. Elon Musk and Larry Fink—ideological opposites—find common ...

    www.aol.com/finance/elon-musk-larry-fink...

    But that would miss the bigger point: shareholder democracy is emerging as the middle ground among those favoring shareholder primacy—like Musk—and those backing stakeholder capitalism—like ...