My take on this is that in a small company, the individual with his morals and values can still have an impact on the behaviour of a company. Above a certain size, when the company is public, the individual has less impact on the company, and there is an emergent behaviour that is only driven by the incentive to "enhance shareholder value", and all moral values that the company could follow, and that come from individuals in the company, disappears.
A company's social role is to provide jobs and goods for the society to work well. But this is not aligned with the survival incentive of the company, to "enhance shareholder value", which becomes it's only role.
My take on this is that in a small company, the individual with his morals and values can still have an impact on the behaviour of a company. Above a certain size, when the company is public, the individual has less impact on the company, and there is an emergent behaviour that is only driven by the incentive to "enhance shareholder value", and all moral values that the company could follow, and that come from individuals in the company, disappears.
A company's social role is to provide jobs and goods for the society to work well. But this is not aligned with the survival incentive of the company, to "enhance shareholder value", which becomes it's only role.