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Garfinkle

In:

Submitted By kymkym209
Words 289
Pages 2
Class: MGT-001
Professor: Mark J. ROSELLI
Name: Lê Quốc Khánh

POINTS FOR DISCUSSION

1. I think Jorgensen who the board of directors has a social responsibility to the workers and the local community. Because he cares about people, he wants to rebuild his roads, his bridges and the infrastructure of his country. He thinks if he does it, the demand will skyrocket. However, I side with Garfinkle, maintaining that the directors’ only responsibility is to the stockholders and thus maximize profits. The most important of business is making money for yourself and your stockholders. Therefore, my company is making money and has much work but I will increase the salary. When company has a lot of money, I will spend money to care about people. 2. a- According to Garfrinkle, the free market where anyone is allowed to buy up and has a profit with a company. In my opinion, I disagree with Garfinkle’s concept of a free market that anyone should have the right to buy out any company he wishes. Markets are confused about a free market. Businessman will sell off part of company for quick profit and close down factories, thus throw people into unemployment. Other workers will dissatisfy with our boss, the company can’t make the money so the company will bankrupt. b- The government should pass a market law clearly to restrict and prevent from free market of Garfinkle. The market law doesn’t allow the company to buy up and buy any company. Each businessman only allows buying less than 30% share of other company. 3. Garfinkle’s activities would not be allowed in my country. You can buy the stock to make money. However you can’t liquidate other companies that you

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