Milton Friedman follows the agency theory, that corporate managers are agents of shareholders.

Name: Milton Friedman follows the agency theory, that corporate managers are agents of shareholders.
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Milton Friedman was a proponent of agency theory, which argues that corporate managers are agents of shareholders and have an obligation to act in their best interests. This theory has been highly influential in shaping modern corporate governance practices.

Milton Friedman Follows the Agency Theory, That Corporate Managers Are