August 21, 2019 at 10:08AM
The mucky-mucks of the Business Roundtable are tweeting in unison how "proud" they are to have abandoned the corporate purpose of serving shareholders for the more politically au courant "stakeholder" model. We wrote about it Tuesday, and the CEOs no doubt enjoyed their smooch from Fortune magazine more than they did our editorial.
The media cheerleaders seem especially pleased that the CEOs have thrown the late, great economist Milton Friedman over the side. So we thought we'd reprint nearby excerpts from Friedman's 1970...
The mucky-mucks of the Business Roundtable are tweeting in unison how "proud" they are to have abandoned the corporate purpose of serving shareholders for the more politically au courant "stakeholder" model. We wrote about it Tuesday, and the CEOs no doubt enjoyed their smooch from Fortune magazine more than they did our editorial.
The media cheerleaders seem especially pleased that the CEOs have thrown the late, great economist Milton Friedman over the side. So we thought we'd reprint nearby excerpts from Friedman's 1970...