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"Those on the right, like Milton Friedman, argue that the shareholder-wealth-maximization requirement prohibits firms from acting in ways that benefit, say, loc
by TrevorBurnham 16y ago
"Those on the right, like Milton Friedman, argue that the shareholder-wealth-maximization requirement prohibits firms from acting in ways that benefit, say, local communities or the environment, at the expense of the bottom line."
Uh, citation needed. This is a pretty harsh statement, especially with its present-tense reference to a man who is no longer around to defend himself.