... to improve the value of shareholder investment and managers are responsible for answering to the stockholders if they do not take reasonable care in running it (Halbert and Inguli, 2008). Milton Friedman is a well-known proponent of Free Market Ethics (Halbert and Inguli, 2008). In this framework, a corporate executive is ultimately accountable to the business' owners and is the employee of those ... owners. The corporate executive should make all of the corporate decisions based on the profitability and legality of those decisions (Friedman, 1970). The decisions should follow the legal...

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