Reports on protectionism See all

Portrait of 1976 Nobel Memorial Prize in Economic Sciences winner Milton Friedman (1912-2006)

The mysterious case of CEOs turning green

It is unusual when CEOs purport to define their companies’ overarching objectives – that’s the shareholders’ job. Things become even curiouser when top managers team up with an international bureaucracy to call for the imposition of tighter environmental standards on business. Look for mundane motives, like sending out a profit warning and making things harder for competitors, especially those located in developing countries.  

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