What are the main criticisms of shareholder primacy?
Critics argue that shareholder primacy prioritizes profits over social responsibility, employee welfare, and environmental sustainability.
Can you give examples of how this affects companies' decisions?
Sure! Companies may cut costs by outsourcing jobs or neglecting environmental regulations to boost short-term profits.
What alternatives exist to shareholder primacy?
Alternatives include stakeholder theory, which considers the interests of all stakeholders, including employees, customers, and the community.
How has this debate evolved in recent years?
In recent years, there's been a growing movement towards corporate social responsibility and sustainable business practices, challenging traditional views.
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