Not Good Citizens 10

Not Good Citizens 10 - Lee Saffer Steven Bennet Aditya Dash Finance 124-10 Corporations are NOT Good Corporate Citizens Topic Paper A debate on

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Lee Saffer, Steven Bennet, Aditya Dash Finance 124-10 Corporations are NOT Good Corporate Citizens- Topic Paper A debate on corporate citizenship should start with a definition of what it is to be a good corporate citizen. Our definition which is adapted from corporatecitizen.co.za is a company that abides by the interests of all of its stakeholders, rather than its shareholders. To clarify the definition a stakeholder is someone or something that is affected by the operations of a given company, while a shareholder is an owner of the company who has a financial interest in the company and therefore wants the company to maximize shareholder wealth. We must now define the framework in which the companies operate. As the American and most of the global economy is capitalist, for a company to survive they must maximize profit; this is basic microeconomic theory. It is also necessary to explain what stakeholder interests may be and how they differ from the shareholder interest, which is provided by the aforementioned economic theory. A good example of a
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This note was uploaded on 05/10/2008 for the course FIN 422 taught by Professor Smith during the Spring '08 term at SUNY Plattsburgh.

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Not Good Citizens 10 - Lee Saffer Steven Bennet Aditya Dash Finance 124-10 Corporations are NOT Good Corporate Citizens Topic Paper A debate on

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