1. http://www.investopedia.com/ask/answers/08/difference-between-a-shareholder-and-a-stakeholder.asp
2. The theory is sometimes called the “stockholder” theory, but the term “shareholder” is used here for consistency with recent usage in the media.
3. M. Friedman, “Capitalism and Freedom” (Chicago: University of Chicago Press, 1962), 133.