The core of Milton Friedman’s argument for shareholder prima…
The core of Milton Friedman’s argument for shareholder primacy is pretty solid: Shareholders own the corporation Executives work for the owners Owner interests come first Owner’s interest is usually profit Two (2) problems with this were discussed. First, that Friedman does not really believe this when a voting majority of owners want something other than profit (discussed in class). Second, because shareholder power primarily is a collective power, shareholders are effectively powerless (discussed in the video). For this question: Briefly (a few lines at most) explain why the second issue is true Give one example of why or how this is true (based on the video discussion)