It was complete negligence from everyone’s point of

Yet in my conversations with business leaders and chief financial officers, I find that there is often little recognition of this. Too many people are still in thrall to the ideas of the late Milton Friedman, who argued that the only duty of a business is to return profits to shareholders. It is then up

Yet in my conversations with business leaders and chief financial officers, I find that there is often little recognition of this. Too many people are still in thrall to the ideas of the late Milton Friedman, who argued that the only duty of a business is to return profits to shareholders. It is then up to the shareholders to decide how to spend their earnings; if they want to spend it on projects to create jobs and alleviate poverty that is up to them, but there is nothing to stop them from hogging the lot to themselves and spending it all on caviar and champagne if they want to.

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