Marcus, as we will discuss this week, the first extreme position is that firms exist to create profits for shareholders and nothing more. Legally managers have a responsibility to shareholders and otherwise are just supposed to obey the law. Therefore it should not be unexpected that some firms will focus primarily on the single bottom line. What do you see as the problems with this single minded approach?
Collapse Subdiscussion Mark Engel
Hi Marcus, thanks for sharing your post with the class. You mention how some companies can receive some sort of tax credit or exemption for for specific things, I too agree that companies much like Alba's should also receive those same types of benefits. As both you and I feel this way, there is always another group or organization who wouldn't agree with companies like these as they feel it would be an unfair advantage if their own company or business didn't receive any benefit. Currently, the only tax break businesses receive that I am aware of are those who add solar panels to their roof, and I believe 2019 is the last year to receive a 30% tax break, and after that it goes away.
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