On Philanthropy In the eyes of business leaders, “social purpose” has replaced “shareholder capitalism”
almost 6 years in Denver Post
Nearly 50 years ago, Milton Friedman launched the era of “shareholder capitalism.” At that time, the Nobel Prize-winning economist admonished American business leaders that their only responsibility was to maximize profits. The world has changed a lot since then -- for better and for worse. Some still espouse this theory.
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