Business Roundtable Official Statement on the Purpose of a Corporation[5]  Read the following statement on the purpose of a corporation from Business Roundtable:
“Americans deserve an economy that allows each person to succeed through hard work and  creativity and to lead a life of meaning and dignity. We believe the free-market system is the  best means of generating good jobs, a strong and sustainable economy, innovation, a healthy  environment and economic opportunity for all.
Businesses play a vital role in the economy by creating jobs, fostering innovation and  providing essential goods and services. Businesses make and sell consumer products; manufacture equipment and vehicles; support the national defense; grow and produce food;
provide healthcare; generate and deliver energy; and offer financial, communications and  other services that underpin economic growth.
While each of our individual companies serves its own corporate purpose, we share a  fundamental commitment to all of our stakeholders. We commit to:
Delivering value to our customers. We will further the tradition of American companies  leading the way in meeting or exceeding customer expectations.
Investing in our employees. This starts with compensating them fairly and providing  important benefits. It also includes supporting them through training and education that  help develop new skills for a rapidly changing world. We foster diversity and inclusion,
dignity and respect. Dealing fairly and ethically with our suppliers. We are dedicated to serving as good  partners to the other companies, large and small, that help us meet our missions. Supporting the communities in which we work. We respect the people in our  communities and protect the environment by embracing sustainable practices across our  businesses. Generating long-term value for shareholders, who provide the capital that allows  companies to invest, grow and innovate. We are committed to transparency and effective  engagement with shareholders. Each of our stakeholders is essential. We commit to deliver value to all of them, for the future  success of our companies, our communities and our country.”

Question: 

1. Does it appear that Shkreli, in the preceding pharmaceutical example, considered all the  stakeholders as the Business Roundtable Statement recommends, or did he follow the older? Shareholder primacy doctrine approach?

Answer rating: 100% (QA)

My Opinion It is true that Americans need an economy that would allow them to succeed Every individual is supposed to work in an innovative and clearly defined economy where the believe on freemarket ... View the full answer