I started two days ago discussing the change in the way corporations work. That change started some 30 years ago, given the permission by Dr. Milton Friedman, when corporations abrogated the social contract (between business and its employees, between business and their local communities) that had obtained since the industrial revolution. But, just this month, the founder and CEO of the largest single investor in corporations, Laurence Fink of BlackRock, Inc., implored the executives of some 1000 firms in the US and worldwide to re-engage in that social contract.
Tag Archives: Dr. Milton Friedman
The End of Friedman’s Doctrine?
After my missive yesterday, why would I believe there is a chance for change?