Book contents
- The Profit Motive
- The Profit Motive
- Copyright page
- Dedication
- Contents
- Acknowledgments
- Editorial Note
- Introduction
- Part I The Law
- Part II The Merits
- 7 Possible Merits of the Business Roundtable’s Embrace of Stakeholder Capitalism
- 8 Was There a Business Case for the Business Roundtable’s Embrace of Stakeholder Capitalism?
- 9 Why Did the Business Roundtable CEOs Shift Their Position?
- 10 Why the Business Roundtable CEOs Should Have Stayed the Course
- Conclusion
- Notes
- Index
7 - Possible Merits of the Business Roundtable’s Embrace of Stakeholder Capitalism
from Part II - The Merits
Published online by Cambridge University Press: 02 February 2023
- The Profit Motive
- The Profit Motive
- Copyright page
- Dedication
- Contents
- Acknowledgments
- Editorial Note
- Introduction
- Part I The Law
- Part II The Merits
- 7 Possible Merits of the Business Roundtable’s Embrace of Stakeholder Capitalism
- 8 Was There a Business Case for the Business Roundtable’s Embrace of Stakeholder Capitalism?
- 9 Why Did the Business Roundtable CEOs Shift Their Position?
- 10 Why the Business Roundtable CEOs Should Have Stayed the Course
- Conclusion
- Notes
- Index
Summary
There are four basic arguments in favor of stakeholder capitalism. (1) It is a necessary response to the externalities generated by corporations. (2) Society expects business to solve problems when governments will not. (3) Corporations have too much power. (4) Millennials will only work for woke corporations. None of these arguments proves persuasive.
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- The Profit MotiveDefending Shareholder Value Maximization, pp. 85 - 100Publisher: Cambridge University PressPrint publication year: 2023