Friedman stresses the nature of the relationship between shareholders and management, which is that of principal and agent. ... There is no division of power if management has to decide on whether to pay for a social cause, how much to pay, and when to pay. In effect, management is taxing the shareholders because they have decreased profits. ... Management is there to run a business to maximize profits for shareholders. The only reason management should contribute any excess effort to society is a future return of some kind to the corporation that will ultimately lead to higher profits for...

• Word Count: 1730
• Approx Pages: 7
• Grade Level: Undergraduate

It was necessary for the government to intervene, to 'fine-tune' the economy by running demand-management polices; these were to counter current trends in the trade cycle - to speed up activity when there is too l! ...

• Word Count: 1299
• Approx Pages: 5
• Grade Level: Undergraduate

Marxists economic geographers abandoned earlier spatial and regional methodologies and some researched the conflicts which had arisen between management and labour, most notably the 1972 and 1974 UK miners' strike (Wheeler, et al., 1998). ...

• Word Count: 1523
• Approx Pages: 6
• Grade Level: Undergraduate

It was necessary for the government to intervene, to 'fine-tune' the economy by running demand-management polices; these were to counter current trends in the trade cycle - to speed up activity when there is too little, to slow it down when there is an excess. ...

• Word Count: 1471
• Approx Pages: 6
• Grade Level: Undergraduate