The Acton Institute affirms the responsibility of the corporation to its shareholders, recognizing that it is sometimes in a company’s best interest to sacrifice short-term profit for long-term gain. Profit is the first, essential moral obligation of a company in providing jobs and opportunities for individuals, thereby allowing employees and customers to meet their own responsibilities to their families.
Further Reading:
Debt, Leveraged Buyouts, and Corporate Governance
by Barry E. Adler and Larry E. Ribstein
Employee Ownership and Corporate Performance
by Prof. Stephen M. Bainbridge