Corporate Greed and Ethical Management

CORPORATE GREED AND ETHICAL MANAGEMENT By Engr. Ped Salvador, Ph. D. Professor of Mathematics and Management International Academy of Management and Economics November 10, 2011 Corporate Greed Milton Friedman, the noted and famous American economist... More

CORPORATE GREED AND ETHICAL MANAGEMENT By Engr. Ped Salvador, Ph. D. Professor of Mathematics and Management International Academy of Management and Economics November 10, 2011 Corporate Greed Milton Friedman, the noted and famous American economist before a live interview in a television show before his death, had mentioned that capitalism as an economic system would never succeed unless this would be based from a foundation of greed. He also emphasized that other forms including socialism, communism, and fascism were all together based on the fundamentals of greed. Mr. Friedman who died in 2006, unfortunately did not see and experienced the effect of the so-called capitalism based on greed as the world is now experiencing a global economic and financial crisis which many believed may continue in the coming more years. This bad economic scenario incidentally, further aggravated with the collapse of housing and automotive industries in the late 2000’s that created havoc on the li Less