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Public Capitalism : The Political Authority of Corporate Executives by Christopher McMahon is a nonfiction available to read on EtoBox.

What is Public Capitalism : The Political Authority of Corporate Executives about?

<p>In modern capitalist societies, the executives of large, profit-seeking corporations have the power to shape the collective life of the communities, local and global, in which they operate. Corporate executives issue directives to employees, who are normally prepared to comply with them, and impose penalties such as termination on those who fail to comply. The decisions made by corporate executives also affect people outside the corporation: investors, customers, suppliers, the general public. What can justify authority with such a broad reach? Political philosopher Christopher McMahon argues that the social authority of corporate executives is best understood as a form of political authority. Although corporations are privately owned, they must be managed in a way that promotes the public good.<br><br><i>Public Capitalism</i> begins with this claim and explores its implications for issues including corporate property rights, the moral status of corporations, the permissibility of layoffs and plant closings, and the legislative role played by corporate executives. Corporate executives acquire the status of public officials of a certain kind, who can be asked to work toward socia

Who reads Public Capitalism : The Political Authority of Corporate Executives?

Author

Christopher McMahon

Publisher

University of Pennsylvania Press, Inc.

Published

2012

Language

EN

ISBN

9780812207262

Category

nonfiction

Subjects

Business