Executives Managers: Profit and Obligation

executives managers: Let's look at what Wolf said His chief challenge is to the mantra generally attributed to free-market economist Milton Friedman that the first and only obligation of a corporation is to maximize shareholder value, according to Market Watch. Friedman argued that the obligation of a business is not to its employees nor to its executives and managers not to its customers, not to its suppliers, and certainly not to society at large. I want to go beyond that column to argue that we must rethink the purpose of investment. Its only obligation is to seek to maximize the market value of its shares that is, the profit accruing to its shareholders. Profit is a condition for and result of achieving a purpose. Wolf argues in opposition to this mantra that Profit is not itself a business purpose. (news.financializer.com). As reported in the news.