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Excess Profits? A Cautionary Classroom Exercise
Morris G. Danielson and Amy F. Lipton
Saint Joseph's University, USA
Volume 8: 2011, pp. 157-166: ABSTRACT
This paper presents a short classroom exercise to stimulate student discussion about the rights of shareholders versus the rights of stakeholders. Students are challenged to identify and evaluate their preconceived notions of what constitutes excessive profits. The exercise illustrates why the realization of a large return on investment cannot be used as prima facie evidence that a firm exploited employees, customers, or other stakeholders. This concept is illustrated using data from the pharmaceutical industry.
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