ethics RQ17 - 3 Corporate executives are originally hired...

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Jason Lim Ethics Reading Question #17 1. Friedman is clearly opposed to considering corporations as moral agents entirely separated from the individual members who make up the corporation. In the opening paragraph, he mentions all the “catchwords of the contemporary crop of reformers” that try to spin the idea that businesses do not solely focus on making profits, that they have some sort of self-conscience of their actions on the world. When addressing the vaguely formulated responsibilities of a business, he considers that only people can truly have responsibilities. 2. The sole responsibility of a corporate executive in Friedman's eyes is to conduct the business in accordance to his employees' desires, which is most likely maximizing profits within the boundaries of the law and ethical norms. I feel that this responsibility should be the employee's rather than the corporate executive. They are the ones working for him, doing things to achieve his objectives.
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Unformatted text preview: 3. Corporate executives are originally hired to serve the interests of their principal but when they start creating taxes to get revenue to spend for other purposes they reveal a political machinery that enables them to do so. Those who imposes taxes needed to be elected through a political process, but as of right now corporate executives are chosen by their stockholders based on apparent qualities. 4. Friedman considers a society to be a collection of individuals and of the various groups they form. This explains his reasoning as to why businesses are not moral agents and why there are no such things as social responsibility due to societies having only shared values and responsibilities of individuals. 5. Friedman would be against this growing trend. He is a proponent of unanimity, but businesses and its related individuals often times must conform to ideas that they do not agree with to satisfy some greater general purpose....
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This note was uploaded on 04/25/2011 for the course PHIL 205 taught by Professor Jonathanreibsamen during the Spring '10 term at Saint Louis.

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