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E-book
Author Bainbridge, Stephen M., author.

Title The profit motive : defending shareholder value maximization / Stephen M. Bainbridge, University of California, Los Angeles
Published Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2023

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Description 1 online resource (xv, 223 pages)
Contents Introduction -- The Battle of River Rouge -- Fireplug Funding for Princeton -- Why didn't the Cubs have to play night baseball? -- Defending Dodge -- To make stakeholder capitalism the rule, you would have to change most of corporate law -- What about the benefit corporation? -- Possible merits of the Business Roundtable's embrace of stakeholder capitalism -- Was there a business case for the Business Roundtable's embrace of stakeholder capitalism? -- Why did the Business Roundtable CEOs shift their position? -- Why the Business Roundtable CEOs should have stayed the course
Summary What responsibility, if any, does a corporation have to society? How should corporations balance environmental, social, and governance factors? The Profit Motive addresses these questions of corporate purpose using historical, legal, and economic perspectives. Stephen M. Bainbridge enters the debate around corporate social responsibility to mount an unabashed defense of shareholder capitalism and maximizing shareholder value. The book offers context for the current questions about corporate purpose, and provides a reference going forward. Direct and corrective, The Profit Motive argues that shareholder value maximization is not only required by law, but what the law ought to require
Notes Vendor-supplied metadata
Subject Business Roundtable.
SUBJECT Business Roundtable fast
Subject Corporation law -- United States -- Philosophy
Stockholder wealth -- United States -- Philosophy
Stakeholder management -- Philosophy
Corporation law -- Philosophy
United States
Form Electronic book
ISBN 9781009025799
1009025791