August 2023
Intermediate to advanced
818 pages
28h 27m
English
Content preview from International Corporate Governance, 3rd Edition
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CASE STUDY 12GM/Tesla
General Motors
Milton Friedman made a startling intervention in The New York Times, in response to the events that took place at the General Motors May 1970 AGM, and provoked universal attention to his short-sighted doctrine that that ‘The Social Responsibility of Business Is to Increase Its Profits’, and made him a media star, and guest at establishment dinners (McGurn 2020). A shareholder rebellion at the AGM meeting attempted by members of Campaign GM, demanded GM to name three new directors to represent the public interest and set up a committee to study the company’s performance in areas of public concern focusing on safety of vehicles and pollution controls. The Campaign GM representatives ...
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