Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.
We’re celebrating—ok, acknowledging might be a better word—the 50th anniversary of the publication of Milton Friedman’s famous essay arguing that the sole purpose of a business was to increase its profits. And we’re just past the one year anniversary of the Business Roundtable’s proclamation that Friedman needs a reboot, that all stakeholders, not just shareholders matter. The extent to which the Business Roundtable’s members intend to execute that is a matter of some debate; Friedman’s legacy is a bigger debate.
In my admittedly biased view, ProMarket has published the best thinking out there on a topic that has been made all the more critical by the pandemic. While I’m a bit late to this, I wanted to highlight my three must-read pieces: