The criticisms of Milton Friedman’s views on “corporate social responsibility” include:
1 Managers in corporations do not have an obligation to earn the greatest amount of profit for shareholders without regard for the means used
2 Managers have an obligation to secure shareholders’ equity, and this may require taking into consideration a number of factors not directly related to immediate profits
3 Shareholders do not really see their investments in corporations as true ownership
4 Shareholders’ interests are not narrowly economic 5 1, 2 and 4
6 None of the above