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The goal of a business is to maximize profits to its owners within the confines of the law and without prejudice. Therefore, does it make
The goal of a business is to maximize profits to its owners within the confines of the law and without prejudice. Therefore, does it make sense for a business to engage in ventures that have nothing to do with the business? For example, General Motors contributed and helped to fund Sloan Kettering Memorial Cancer Research Institute. The venture was named after the CEO Alfred Sloan Jr. and a top engineer Mr. Kettering. Was this good business?
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