Question

Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers should make the company as profitable as possible while also complying with the law

Answer 1

Milton Friedman advocated for this viewpoint in his famous essay "The Social Responsibility of Business is to Increase its Profits." He argued that the primary responsibility of a corporate manager is to the shareholders, and that the manager's main goal should be to maximize profits within the boundaries of the law and ethical considerations.