Can you explain this quote to me?

Question

These was written by milton friedman

The CEO’s responsibility qua CEO is to conduct the business in accordance with the desires of the owners, “which generally will be to make as much money as possible while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical custom.”

Also, "““The Social Responsibility of Business is to Increase its Profits”

Answer 1

It means that business should be conducted in a way that follows the law and also that follows a moral standard even if there isn't a specific law against it.---basically to be a law-abiding citizen who makes a lot of money, but respects society and individuals and keeps business practice with high morals such as the golden rule of "treat others the way you would want them to treat you."

Answer 2

The purpose of a business is to produce profits for the investors.  This is the ONLY purpose of a business.  Businessmen who have a 'mission statement' that has to do with developing useful technology, improving life on the planet, providing employment for people, etc. etc. are all really lying.  They are there to make a profit and if they don't the business will fail.

Businesses have no morals or ethics, really.  They will do whatever they can get away with, because that's how they work.  If your competitors save money by dumping toxic waste in the river, you have to do it too to stay competitive.

I believe capitalism is the best system but that doesn't mean it is not without its faults.  It requires a certain amount of regulation by government, and too little is as bad as too much. Government has to enforce environmental law, labor law, fair business practices laws, and anti-trust laws to ensure competition.

The pursuit of profit is good because it raises the standard of living of everyone.  If capitalism means that 95% of us have to accept a continually deteriorating standard of living so that 1% can get richer and richer, then we're not doing it right.  But this is the ethic of Milton Friedman and neo-conservatives.  They see profit not as a means to an end but the end in itself.

Answer 3

get as much dosh as fast as poss while using others and keeping ya *** covered

Answer 4

basically the first is to have as high profits as possible, without offending cultural customs of the native people. For example, you wouldn't try and sell pork to Jews because it isn't Kosher. Sell to the people what they need and what they are ok buying.

the second one means that the CEO owes the SHAREHOLDERS his full effort in making as much money as he can for the company. When people invest their money, they put their hard-earned cash down to better the comapany and themselves. If the CEO fails he loses the shareholders cash.