The Unowned Corporation

Business Ethics Journal Review 8 (7):39-44 (2020)
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Abstract

In this Response to Hasko von Kriegstein, I defend several claims, including that the publicly-traded corporation and its assets are unowned; that managers may stand in fiduciary relations to shareholders that do not require managers to maximize shareholder wealth; and that the rights of a shareholder and of the owner of a privately-held corporation may differ fundamentally.

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Beyond optimizing: a study of rational choice.Michael Slote - 1989 - Cambridge: Harvard University Press.
What to Do with Corporate Wealth.Alan Strudler - 2016 - Journal of Political Philosophy 24 (4).
What to Do with Corporate Wealth.Alan Strudler - 2016 - Journal of Political Philosophy 25 (1):108-126.

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