Given that business is about maximizing stakeholder wealth and given

Question

Given that business is about maximizing stakeholder wealth and given

that there are laws governing the process by which this is accomplished, is there even room for ethics in business? In other words, if organizations (and organizational members) follow the law, is there any additional need for ethical considerations? When organizations maximize stakeholder wealth, aren't they already doing the "right" thing according to the design and purpose of organizational existence?

Answer 1

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