ÌÇÐÄvlog¹ÙÍø Affiliated Authors
John and Natty McArthur University Professor, HBS
Excerpt
Excerpt
Do Managers Have a Role to Play in Sustaining the Institutions of Capitalism? Rebecca Henderson, Karthik Ramanna, October 2014, Paper. "In a capitalist system based on free markets, do managers have responsibilities to the system itself? If they do, should these responsibilities shape their behavior when they engage in the political processes that structure the institutions of capitalism? The prevailing view—perhaps most eloquently argued by Milton Friedman—is that the first duty of managers is to maximize shareholder value, and thus that they should take every opportunity..."