What are the pros and cons of ranking shareholders over employees and other stakeholders Is it wrong to see employees as costs of production Should GE have rebalanced its priorities ...

Shareholders are ranked first in classical economic theory where managers are solely responsible to ...

What are the pros and cons of ranking shareholders over employees and other stakeholders ? Is it

Question:

What are the pros and cons of ranking shareholders over employees and other ? Is it wrong to see employees as costs of production? Should GE have rebalanced its priorities?

Stakeholders
A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,...