GB110 Chapter Notes - Chapter 6: Corporate Social Responsibility, Adolf A. Berle, Benefit Corporation

• School: Bentley University
• Department: Information and Process Management/General Business Courses
• Course: GB110
• Professor: Alexander

Document Summary

Stanley"s innovations, inc: entrepreneur stanley has secured investors, worked tirelessly, and finally turned his idea for a new and improved tooth into a profitable business. Increases workers" salaries above minimum wage: buy raw materials from a more expensive, but environmentally conscious seller, to help stanley resolve his dilemma you must think about responses for the following questions. Understanding the nature of a corporation: what is a corporation, a corporation is a legal entity has an identity distinct from that of its owners. It can own assets, enter into contracts, sue or be sued. "someday businesses like whole foods which adhere to a stakeholder model of a deeper business purpose will dominate the economic landscape. Used extra funds to increase salaries and lower car prices rather than pay a special dividend. 1950): adds a philanthropic giving provision to the model. "corporate powers as powers in trust" argues corporate powers are exercisable for the benefit of shareholders.