The article explores the inherent conflict that corporations face today between 'serving stakeholders' and 'serving shareholders.' According to the author, CEOs say overwhelmingly that serving stakeholders is a more appropriate mission for corporations today, but he notes that some experts are skeptical about the seriousness of their commitment to the stakeholder perspective.
- What do you think? Do corporations exist solely to maximize shareholder wealth (as Nobel Laureate Milton Friedman argued), or do they have a legitimate obligation to do more for all of their stakeholders and even for society at large?