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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]
Executive Order 10925, signed by President John F. Kennedy on March 6, 1961, required government contractors, except in special circumstances, to "take affirmative action to ensure that applicants are employed and that employees are treated during employment without regard to their race, creed, color, or national origin".
Credit: The Other 98%. In the quote, Trump calls voters the "dumbest group of voters in the country." He continued, saying that they'd believe anything Fox broadcasts.
Deloitte argued that employees displayed greater sense of purpose, inspiration, and contribution. Also, leaders became more tolerant of employees' failure because of a significant increase in experimentation and risk-taking. [49] Daum and Maraist claimed that sense of purpose relates to customers and the society of which employees are part.
In Ayn Rand's 1957 pro-capitalist novel Atlas Shrugged, a large and profitable motor company adopted this slogan as its method for determining employee compensation. The system quickly fell prey to corruption and greed, forcing the most capable employees to work overtime in order to satisfy the needs of the least competent and to funnel money ...
In the Dilbert comic strip of February 5, 1995, Dogbert says that "leadership is nature's way of removing morons from the productive flow". Adams himself explained, [1] I wrote The Dilbert Principle around the concept that in many cases the least competent, least smart people are promoted, simply because they’re the ones you don't want doing actual work.
Nvidia workers have a pretty sweet deal when it comes to compensation, as they can contribute up to 15% of their salary to buying company shares at a 15% discount.
Wikiquote is one of few online quotation collections that provides the opportunity for visitors to contribute [6] and the very few which strive to provide exact sources for each quotation as well as corrections of misattributed quotations.