SOCB58H3 Lecture : Lecture 3

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27 Feb 2011
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Business men believe that free enterprise social conscience socialism . Artificial person vague sense : person has responsibilities * (contradiction) under the law the corporation is a legal person, that isn"t actually a person but acts as a legal person. persons have life, liberty, and pleasure in the pursuit of happiness. I shall mostly neglect corporate executives : owners ignored, executives privileged. not legally entitled to maximize profits for shareholders. people we should support are the executives vs. the owners. power is flowing from owners to the executives. executives have less power and take orders from the owners and therefore should not be blamed. The corporate executive refuse to work as : principle vs. agent. executive is always free to leave but it"s not practical. principle: you are first, no responsibilities either morally or legally to anything else www. notesolution. com.

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