@Big-Easy I actually agree with some of your economic arguments.
“the millions to enforce Friedman's shareholder value theory”.
I am generally in agreement with Milton’s theories. But too much of some things isn’t always best.
On average Harvard business professors used to teach the Shareholder theory more than the Stakeholders theory. But now teach a mix of both and discuss pros and cons.
Wharton business school has always pushed more of a Stakeholder theory than Shareholder. But of course discussed both.
It’s obvious to most that we need a mix of both.
Post Script.
What I have personally witnessed is that even when the publicly traded companies subscribe to the Stakeholder theory. I have witnessed that if a decision will lower the stock price for a gain somewhere else. The decision was always to protect that share price.
The reality is if the share price gets too low, the company cannot get low interest lines of capital. Reduced investors. And the company is more susceptible to takeovers.
“the millions to enforce Friedman's shareholder value theory”.
I am generally in agreement with Milton’s theories. But too much of some things isn’t always best.
On average Harvard business professors used to teach the Shareholder theory more than the Stakeholders theory. But now teach a mix of both and discuss pros and cons.
Wharton business school has always pushed more of a Stakeholder theory than Shareholder. But of course discussed both.
It’s obvious to most that we need a mix of both.
Post Script.
What I have personally witnessed is that even when the publicly traded companies subscribe to the Stakeholder theory. I have witnessed that if a decision will lower the stock price for a gain somewhere else. The decision was always to protect that share price.
The reality is if the share price gets too low, the company cannot get low interest lines of capital. Reduced investors. And the company is more susceptible to takeovers.
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. An important achievement to help out frail older gentlemen.