Milton Friedman's view on executive compensation is:
A) That government should control it.
B) That there should be established ranges.
C) That shareholders should undertake controls if they deem it necessary.
D) None of the above

Question

Quizplus · Accepted Answer

Milton Friedman was a proponent of free market capitalism and believed that companies should be able to operate and set their own compensation policies without government interference. However, he also believed that shareholders should have the power to hold executives accountable and make decisions about compensation through their ability to vote on corporate matters. Therefore, option C, that shareholders should undertake controls if they deem it necessary, aligns with Friedman's perspective.

Milton Friedman's View on Executive Compensation Is