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Firms primary responsibility is to shareholders not to stakeholders or society at large.  Milton Friedman's seminal work was published almost 40 years ago. In "The Social Responsibility of Business Is to Increase Its Profits", Friedman argued that business "had no responsibilities other than to maximise profits for the shareholders".

The case against CSR from the Wall St Journal. Shareholders deserve profits! The only way to ensure business behaves is to regulate to ensure costs are higher for unethical trading.

The case against CSR. Social responsibility is a function of government not business CSR detracts business from a firms core objectives causing harmful conflicts of interest Shareholders should only support managers and projects which do good for the business. Extra costs limits profits.

Why CSR is happening How CSR is happening How CSR generate revenue