In today's fast-paced society money is king, and those who have control over money understand this very well. In "Taking Sides" by Marc Street, the issue of corporations and their responsibilities outside of making a profit is introduced. Street explains that the out dated "shareholder" theory of maximizing profits has been replaced with a newer, bolder theory known as the stakeholder theory. Now these may not sound different, but in retrospect are complete opposites. The …
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showed last 75 words of 1147 total
…to Social Responsibility." Ethics and <Tab/>Values: Basic Readings in Theory and Practice. Ed: David Keller. Pearson custom<Tab/><Tab/> Publishing. 2002 Marcoux, Alexei. "Business Ethics Gone Wrong". Taking Sides. Cato Institute, 2000. Street, Marc. Taking Sides. "Do Corporations Have a Responsibility to Society that <Tab/>Extends Beyond Merely Maximizing Profit?" Dubuke, Iowa. McGraw-<Tab/>Hill/Dushkin, 2005.