Reading Questions: Shareholder Theory Questions

You should read "Freidman_Business Should Increase Profits.pdf Download Freidman_Business Should Increase Profits.pdf."
After reading, attempt to answer the reading questions on your own, and then watch the instructor explanations
On the next page, you will re-write your answers and then submit them

How does Friedman describe the responsibility of the executive? (1b)
In what senses may an executive be socially responsible? In what sense would it be wrong for an executive to be socially responsible (1b-2a)
How does corporate social responsibility end up being a kind of private taxation? (2b)
Reflection: If you invested $1000 of your hard-earned money into an ownership share of a company, what do you expect from the corporate executives?
What is the problem with the principle of private taxation? (2b-3a)
What is the negative consequence of private taxation? (3b)