In the attached document is the text of Milton Friedman’s New York Times Magazine article “The Social Responsibility of Business is to Increase its Profit” from 9/13/1970. He summarizes his argument on why maximizing shareholder wealth is the goal of a firm with the following:Business & Finance homework help
Questions (minimum of 250 words per question)
1) What is the implication of Friedman’s viewpoint vs. the more modern thinking as expressed by CEOs such as Jack Welch?
2) Find an article with in the last 3 years that either supports the idea of shareholder value or is against the concept. Discuss the importance and relevance of the article and how you personally feel about shareholder wealth/value. Business & Finance homework help