Which of these statements epitomizes Milton Friedman’s position on corporate responsibility?
A) Corporations are participants in the greater economy, and have obligations to society above and beyond being compliant with the law, for example, sponsoring local charities and organizations.
B) Corporations should be concerned primarily with returns to shareholders, and that takes precedence over any other concern.
C) Corporations have a responsibility to all stakeholders, such as lenders, employees, the local community, and vendors.
D) Corporations should only ensure that they are compliant with applicable tax laws and regulations.
E) Corporations have a responsibility to be world citizens, and should be cognizant of major issues such as child labor, money laundering, climate change, and despotic governments.