Corporations
To Make a Difference, Businesses Must Have a Stake in Social Missions
Despite their promises to change the world for the better and remedy social ills, the truth is that corporations are rarely designed to solve...
There Is a Direct Line from Milton Friedman to Donald Trump’s Assault on Democracy
Milton Friedman believed that corporations have a social responsibility to play within the rules of the game. But corporations aren’t just players of the...
Corporations Are Governance Mechanisms, Not Shareholder Toys
Milton Friedman’s shareholder credo is simple and catchy but has shaky foundations. Corporate directors and officers are not agents of shareholders and have no...
Economics, Law and Finance Professors from Major Universities Write to Congress : “Bail Out People Before Large Corporations”
"Bailouts allow investors to keep all the profits in good times without bearing the losses in bad times. Instead, bailouts impose losses on taxpayers, including those...
The Problem With Unicorns: Why Investors Stopped WeWork From Going Public
More and more startups are valued at over $1 billion, even if they have dysfunctional corporate structures and hazardous business models. For tech companies,...
The Business Roundtable CEOs’ Statement: Same Old, Same Old
Despite the media hype about corporate CEOs having abandoned their shareholder value maximization credo, the recent statement from the Business Roundtable contains nothing new...
How Offshoring by Multinational Corporations Contributed to the Decline of US Manufacturing
The offshoring activities of multinational firms explain about one-third of the aggregate decline in US manufacturing employment, according to a new study.
Between 1990 and...
Is Lionizing CEOs Dangerous for Society?
In an interview with ProMarket, Open University's Peter Bloom talks about his provocative new book CEO Society and why he believes celebrating corporate CEOs...
The Foundation of Corporate Personhood: A Look at the Charles River Bridge Case of 1837
Some 130 years before Friedman could begin arguing that a corporation’s sole responsibility was to make a profit for its shareholders, Boston’s Charles River...
