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Unformatted text preview: Prior to the purchase of the land, the government showed interest in the property currently owned by Hooker Chemical Company due to their desire to meet the needs of a rapidly growing community (post World War II baby boom). The site was feasible for the government as it met their requirements. Hooker Chemical Company originally gained possession of the property which was intended for dumping toxic chemicals. This location already served as a municipal dump site and was located in a sparsely populated area. The dump site was not only convenient for the company on a financial level, but it also met all health authority requirements and stayed within the legal boundaries of the law. Hooker also acted morally towards stakeholders by finding a low cost dump site to dispose of any unwanted waste. Prior to the transaction taking place, Hooker acted as how a corporation should act according to Friedmans article; There is one and only one social responsibility of business to use its resources and engage in activities designed to increase its profits so long as it stays within...
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- Spring '07