First, read the articles below and then discuss in your own words the debate between the two theories.

Discussion 2B

First, read the articles below and then discuss in your own words the debate between the two theories.

Stockholder (or shareholder) theory of the corporation: Friedman, M. (1970, September 13). The social responsibility of business is to increase its profits. In The New York Times. Retrieved from http://umich.edu/~thecore/doc/Friedman.pdf

Stakeholder theory of the corporation: Matteson, M., & Metevier, C. (2015.) Freeman’s stakeholder theory. Retrieved from https://philosophia.uncg.edu/phi361-matteson/module-1-why-does-business-need-ethics/freemans-stakeholder-theory/

Shareholder Theory vs. Stakeholder Theory Debate: Smith, H.J. (2003, July 15). The Shareholders v. the stakeholders debate. In MIT Sloan Management Review. Retrieved from http://sloanreview.mit.edu/article/the-shareholders-vs-stakeholders-debate/