Explain the position of the Business Roundtable as well as other contrary arguments you find

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You serve as the assistant to the very recently appointed CEO of a prominent start-up that is beginning to grow rapidly. The new CEO, Tara Richmond, is a former general who gained visibility in the military for her outstanding leadership qualities. Since her arrival, the Board of Directors has had spirited debates on several proposals that would increase corporate profits but would work to the disadvantage of some members of the public as well as other stakeholders. Some members of the board are arguing that the only obligation the company has is to make profits for the stockholders. Other members of the board are arguing that the company has an obligation to the community and to stakeholders other than just the stockholders.
Your boss is baffled by the debate. “When I was in the military, my duties to others were clearly laid out. Here, I am unsure to whom the company owes a duty.” She turns to you for advice, requesting that you draft a memo that explains what the company’s ethical obligations are in situations like these. She asks you to start with Milton Friedman’s opinion piece in 1970, arguing that a company’s only ethical responsibility is to make profits.
(See attached article for Friedman’s memo)
She also asks you to review a much more recent memo from the Business Roundtable that takes a more expansive view of the responsibilities of a company. The Business Roundtable consists of CEOs of Fortune 500 companies, many of whom are familiar names to her. That memo can be found at https://system.businessroundtable.org/app/uploads/sites/5/2021/02/BRT-Statement-on-the-Purpose-of-a-Corporation-Feburary-2021-compressed.pdf.
You should do additional research on arguments for and against Friedman’s proposition. Using your classroom materials as well as external sources, respond to the following prompts:
Introduction
(Write an Introduction paragraph.  The Introduction paragraph is the first paragraph of the paper and will be used to describe to the reader the intent of the paper explaining the main points covered in the paper.  This intent should be understood prior to reading the remainder of the paper so the reader knows exactly what is being covered in the paper.)
(Write the introduction last to ensure that the main points are covered.)
Summary of Friedman’s Position
(Remember to layout not just his position, but all the justifications he gives supporting that position.)
Summary of Contrary Positions
(Explain the position of the Business Roundtable as well as other contrary arguments you find
Demonstrate How Each Position Would Affect the Outcome of an Ethical Dilemma
The ethical dilemma I chose to analyze came from week two’s discussion regarding the FBI’s request for Apple to unlock the iPhone belonging to the Sam Bernardino shooter (Benner, 2020).
(See reference for article below)
(Choose an ethical dilemma you have raised in a class discussion and illustrate how the resolution would be different apply Friedman’s or the contrary position.)
Most Compelling Position
The position I find most compelling would be Friedman’s
(Between the two positions you have discussed, explain the position that you find most compelling.  What are the weaknesses and strengths of each position?)
Conclusion
(Write a concluding paragraph that is brief and summarizes the main points.  Make a specific recommendation to the CEO as to the approach she should take.)
You can use the below references as well as additional ones from online
Reference
Benner. (2020). F.B.I. Asks Apple to Help Unlock Two iPhones. Retrieved from https://www.proquest.com/news/docview/2333999028/6A9FCFA903A74355PQ?parentSessionId=3XPFuEOd80XyHAdWSQyohcg%2BiAHjoOMmGwxFzJS5VBY%3D&accountid=14580#
Friedman, M. (2020, Sep 13). The Social Responsibility of Business is to Increase Its Profits: New York Times http://ezproxy.umgc.edu/login?url=https://www.proquest.com/newspapers/social-responsibility-business-is-increase/docview/2441921739/se-2?accountid=14580
Joseph Gilbert. Chapter 3: What is Ethics. 2016). Ethics for Managers: Philosophical Foundations and Business Realities: Vol. Second edition. Routledge.
Joseph Gilbert: Chapter 4: Utilitarianism. (2016). Ethics for Managers : Philosophical Foundations and Business Realities: Vol. Second edition. Routledge.
Joseph Gilbert: Chapter 5: Rights and Duties. (2016). Ethics for Managers : Philosophical Foundations and Business Realities: Vol. Second edition. Routledge.
Joseph Gilbert: Chapter 6: Fairness and Justice. (2016). Ethics for Managers : Philosophical Foundations and Business Realities: Vol. Second edition. Routledge.
Roundtable. (2019). Statement on the Purpose of a Corporation . Business Roundtable. Retrieved February 26, 2022, from https://www.sec.gov/Archives/edgar/data/64040/000121465921004470/p422211px14a6g.htm
Tepper, T. (2021, June 22). Milton Friedman. Forbes. Retrieved March 4, 2022, from https://www.forbes.com/advisor/investing/milton-friedman-social-responsibility-of-busines

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