Two opposite sides of the spectrum lie in Milton Friedman's essay "The Social Responsibility of Business Is to Increase Its Profits" and the guidelines for the Worker Rights Consortiums" model code of conduct. ... Milton Friedman is his essay printed in the New York Times on September 13, 1970 "The Social Responsibility of Business Is to Increase Its Profits," one can see the legal left side of the spectrum. ... Friedman focuses on the executives of corporations stating that the executive was hired to serve the interests of his employers, the stockholders. ... Friedman sums his essay u...

• Word Count: 1732
• Approx Pages: 7
• Grade Level: Undergraduate

Milton Friedman is a well-known proponent of Free Market Ethics (Halbert and Inguli, 2008). ... The corporate executive should make all of the corporate decisions based on the profitability and legality of those decisions (Friedman, 1970). ... Basically, Friedman is arguing that managers cannot ethically use corporate resources to deal with problems in society at large and any charitable acts of the company would be taking money away from the shareholders (Halbert and Inguli, 2008). ...

• Word Count: 1629
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate

Introduction Bernard Lawrence Madoff is a capitalizing mastermind. In 1960 he started Bernard L. Madoff Investment Securities, a wealth management business, with 5,000 dollars he saved while working as a lifeguard. Through what was perceived as elaborate business tactics and a keen ability for bourg...

• Word Count: 2330
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate