Mansell, Samuel - In: Journal of Business Ethics 117 (2013) 3, pp. 583-599
-shareholders is consistent with the orthodox ‘shareholder theory’ of the firm. It examines the ethical framework of Milton Friedman … investigates their consistency with the shareholder theory. The article concludes that it is possible within the ethical framework … of shareholder theory for managers to pursue directly the happiness of non-shareholders. Furthermore, shareholders have a …