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Word Count: 598
It is clearly wrong for corporations to set their priorities or objectives on one specific group A corporation owes an allegiance to all agents under its structure The classic concept of primarily serving the shareholders is morally wrong because shareholders wealth is not the only thing that should be considered To clearly evaluate this argument we must first understand the structure in which most major corporations operate At the top level there are the board of directors who report to the Chief Executive Officer CEO It is the board of directors who oversee the whole entity These individuals set the tone and policies whether the policies are positive or negative Their effectiveness is dependant on whether their communication channels are efficient with the layer below them The layer below them is management Management reports to board members on critical stats such as financial conditions successes and failures Management role is to strive for long-term benefit of the whole corporation as well as short-term results Below management are the workers who are responsible for performing daily tasks Putting in a fair days work for a fair days pay is the sole responsibility of these workers It is these individuals who make up the core of the business General obligations apply to these individuals Managements obligations to this core group consist of treating them with respect providing them with proper working conditions It is at this core group where the number one rule must apply The number one rule is treating workers well is just plain good business If we understand this structure it is clear that the primary stakeholder is the employee of the corporation Without their talents and creativity there would not be a corporation This core group deserves the respect and consideration in the decisions taken by board members and management This core group must also realize that they have an obligation to the shareholders and
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