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Isthisasocialoreconomicconcept peterdruckersocialism

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Unformatted text preview: ends in a conspiracy against the public, or in some diversion to raise prices – ie. trade associations ­ GE, Westinghouse, Securities Firms Copyright 2013 Copyright 2013 Philosophies Con’t Milton Friedman – “Few trends could so thoroughly undermine the foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for shareholders as possible.” – Is this a social or economic concept? – Peter Drucker Som Copyright 2013 Copyright 2013 Philosophies Con’t Does Friedman accept illegal and anti social corporate behavior as merely a charge against profits? Should we penalize directors and managers for corporate wrongdoing? – ie. price fixing possible penalties – corporate fine, limit on doing business, barring directors from executive or director positions if culpable Copyright 2013 Copyright 2013 Who Monitors This? Role of: Compliance Officer Self Regulatory Organization “Whistle blowers” (Role in Enron) Should Leadership assume responsibility? Is being a whistle blower or compliance officer an opportuni...
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