The Ownership Model of Business Ethics
This essay attempts to develop a new theoretical model for business ethics distinct from the two canonical business-ethics theories, the stakeholder theory and the shareholder value theory. Milton Friedman argued that because managers are agents of the company's owners, their sole moral responsibility is to maximize owner returns. Thomas Pogge has recently suggested that such a view involves a kind of moral incoherence and that we should reject the efficacy of social arrangements like the...[Show more]
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