The Stakeholders as Investors: A Response to Etzioni
Stephan Cludts
Business Ethics Quarterly, 1999, vol. 9, issue 4, 673-676
Abstract:
In a recent contribution to this journal, Etzioni (1998) has introduced a “communitarian note on stakeholder theory” based on a principle of fairness. While we do not challenge the principle of fairness itself, we claim that when this principle is applied only to those who invest in the corporation, it cannot serve as the ground for an ethical stakeholder theory. A focus on low-skilled workers as a stakeholder group will help us to illustrate this claim.
Date: 1999
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