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Business Ethics Journal Review
Volume 8, Issue 7, 2020
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Business Ethics Journal Review:
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Issue: 7
Alan Strudler
The Unowned Corporation
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In this Response to Hasko von Kriegstein, I defend several claims, including that the publicly-traded corporation and its assets are unowned; that managers may stand in fiduciary relations to shareholders that do not require managers to maximize shareholder wealth; and that the rights of a shareholder and of the owner of a privately-held corporation may differ fundamentally.