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44, Which of the following is not true about stakeholder capitalism? The shareholder value maxim dates back to the 1970s and is attributed to economist

44,

Which of the following is not true about stakeholder capitalism?

The shareholder value maxim dates back to the 1970s and is attributed to economist Milton Friedman.

Paying higher wages to employees is a way to demonstrate a commitment to stakeholder capitalism.

Environmental, Social and Governance (ESG) investment funds have attracted trillions of dollars in funds from investors in recent years.

Buying back common shares in the stock market is consistent with a commitment to stakeholder capitalism.

A company can demonstrate stakeholder capitalism by lobbying for higher tax rates and avoiding tax loopholes.

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