The Worthy House (Charles Haywood) cover image

Glass House: The 1% Economy and the Shattering of the All-American Town (Brian Alexander)

The Worthy House (Charles Haywood)

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The Agency Problem Is Real

Milton Friedman's idea that the sole purpose of any firm was to make a profit for its stockholders. The managers very commonly line their own pockets and protect their own jobs, he says. "The sooner this idea of keeping hands-off corporate entities dies, the better"

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