PHIL 329 Lecture Notes - Lecture 9: Making Money

• School: University of Calgary
• Department: Philosophy
• Course: PHIL 329
• Professor: Yoshiki Kobasigawa

Document Summary

Friedman: corporate managers" only duty is to promote shareholders" interests (i. e. make more profits) as shareholders have property rights with respect to the labour of corporate managers. Simon gunneman: negative injunctions objection - duty not to harm. Not morally justified to use what you own if it involves harm to others. Duty not to put others in harm"s way. Given negative injunctions, we are pushed in the direction of some variant of the. Negative injunctions suggest that a variant of stakeholder theory is correct. Corporate managers have a duty to protect the interests of shareholders-but they also have a duty to protect the interests of other groups - at least to the extent that they shouldn"t harm others that they interact with. Having miners work in mines where there are dangerous gases and not informing the miners of these conditions. Duty not to put customers in harm"s way. Friedman"s response to negative injunctions objection (4th paragraph of 1st page)