{"id":50,"date":"2017-11-10T22:32:13","date_gmt":"2017-11-11T05:32:13","guid":{"rendered":"https:\/\/blogs.ubc.ca\/finboothroyd\/?p=50"},"modified":"2017-11-10T22:32:13","modified_gmt":"2017-11-11T05:32:13","slug":"50","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/finboothroyd\/2017\/11\/10\/50\/","title":{"rendered":""},"content":{"rendered":"

Contemporary corporations have been plagued with a stigma. Whether warranted or not, it\u2019s true. Over the course of history this damaging stigma has become instilled in society\u2019s mindset, but why? It\u2019s even evidenced here at UBC, with other faculties hissing their Sauder insults through smug grins. My lack of understanding led me to ask a fellow student: what is it you have against Sauder (and thus business)? Her quip about not knowing what goes on behind the closed and self-betterment motivated doors of business led me to ask another question. Why have contemporary businesses remained synonymized with poor ethics?<\/p>\n

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As fellow Sauder undergraduate Parm Sidhu aptly put in his blog: businesses act solely to maximize their profits.<\/a> However, the silver lining is that as Milton Friedman put in his Stakeholder Theory, although business managers should maximize profits for their shareholders, they should still follow certain social customs. I believe this is where businesses have been misunderstood and in some cases, have gone wrong.<\/p>\n

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Parm Sidhu https:\/\/www.facebook.com\/parmsidhu99?ref=br_rs<\/figcaption><\/figure>\n

Businesses and conspicuity can both be epitomized by a pertinent central figure in politics, Donald Trump. Irrespective of your opinion on Trump, you must respect his prowess on a business front. As the president and throughout his campaign he showed no reserve or remorse in blatantly lying to Americans. On that, I believe that society has become desensitized to being lied to. The entire Trump administration is propped up by lies and empty promises. Seeing as Trump hails from a business background, and the entirety of the world is aware, people assume his misdoings transcend politics and business. As an article written in a blog by prominent New York Times journalist Paul Krugman<\/a> exclaims that Trump will be able to disentangle his business interest and the country\u2019s political ones, and Trump\u2019s early action in the Whitehouse don\u2019t support him in this regard.<\/a><\/p>\n

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Donald Trump, https:\/\/pixabay.com\/en\/trump-president-uncle-sam-usa-2815558\/<\/figcaption><\/figure>\n

The genesis of this disdain, that current corporations are working tirelessly to rid, is convoluted and unclear. Now, I am not blaming Trump for creating the semi-disdain for businesses, however I do believe as the most recognizable and scrutinized human on the earth he is breathing life to this contempt.<\/p>\n

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Word Count: 355<\/p>\n

 <\/p>\n

References:<\/p>\n

https:\/\/www.nytimes.com\/2016\/11\/28\/opinion\/why-corruption-matters.html?smid=fb-nytimes&smtyp=cur<\/a><\/p>\n

https:\/\/blogs.ubc.ca\/parmsidhu\/<\/a><\/p>\n

http:\/\/www.bbc.com\/news\/world-us-canada-38069298<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Contemporary corporations have been plagued with a stigma. Whether warranted or not, it\u2019s true. Over the course of history this damaging stigma has become instilled in society\u2019s mindset, but why? It\u2019s even evidenced here at UBC, with other faculties hissing their Sauder insults through smug grins. My lack of understanding led me to ask a … <\/p>\n

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