So, a few weeks ago, I reported that the social contract between business and its employees, between business and its communities may find itself revived. You know, the one that was abrogated under the prodding of Dr. Milton Friedman.
Continue reading Another One Chimes In…
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.
After my missive yesterday, why would I believe there is a chance for change?
Continue reading The End of Friedman’s Doctrine?
