How Friedman viewed the corporate executives and their value inside the companies?

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Friedman has argued that a corporation is a soulless, artificial person and legal entity with no responsibilities, only controlled by competition in markets as mentioned. With this, only individuals are thought to have personal social responsibilities and do not have bearings once made corporate executives, for their only responsibilities are towards their employers. This concept refers to the stockholder theory where corporate executives need ‘to conduct business in according with their desires, which generally will be to make as much money as possible’. Yet, according to 1961 Income Tax of the...
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