Why does the late Dr.Milton Friedman feel that managers should not involve their companies in social issues?

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Dr. Milton Friedman believed that managers should not involve their companies in social issues because they are agents of the shareholders and they should act in their best interest. This means that their priority should be to maximize profits for the shareholders, rather than taking on social issues. Friedman argued that if companies wanted to be socially responsible, they should do so with their own money, rather than using shareholder funds.

Why Does the Late Dr