Milton Friedman on CEOs

As an antidote to yesterday’s Business Roundtable decision to throw Friedman’s shareholder-centric model under the bus in favor of “… the more politically au courant “stakeholder” model”, The Wall Street Journal editorial board reminds us about Milton Friedman’s famous 1970 New York Times Magazine article entitled “The Social Responsibility of Business is to Increase its Profits” (linked to in this article and also from http://umich.edu/~thecore/doc/Friedman.pdf.

The late, great economist anticipated the Business Roundtable.

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