Business Ethics Journal Review 8 (4):20-26 (2020)

Authors
Hasko von Kriegstein
Ryerson University
Abstract
Strudler rejects shareholder primacy and argues that, once contractual obligations have been fulfilled and shareholders have received a reasonable return on investment, corporate executives may use corporate wealth for the general good. He seeks to establish this claim via an argument that, contrary to the received view, shareholders do not own corporations. After raising some questions about the latter argument, this commentary goes on to argue that the question of corporate ownership is a red herring. The argument for shareholder primacy that Strudler wants to reject does not rely on the premise that shareholders own the firm.
Keywords corporate governance  shareholder primacy  ownership of corporations
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Reprint years 2020
DOI 10.12747/bejr2020.08.03
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References found in this work BETA

A Fiduciary Argument Against Stakeholder Theory.Alexei M. Marcoux - 2003 - Business Ethics Quarterly 13 (1):1-24.
What to Do with Corporate Wealth.Alan Strudler - 2016 - Journal of Political Philosophy 24 (4).
What to Do with Corporate Wealth.Alan Strudler - 2017 - Journal of Political Philosophy 25 (1):108-126.
Shareholder Primacy and Deontology.Hasko von Kriegstein - 2015 - Business and Society Review 120 (3):465-490.

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Citations of this work BETA

The Unowned Corporation.Alan Strudler - 2020 - Business Ethics Journal Review 8 (7):39-44.

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