Certain mechanisms could have been put in place to better align managers with the interests of shareholders. “The Nobel Prize–winning economist Milton Friedman famously articulated the viewpoint that the only social responsibility for business is to maximize profits within the guidelines of the law” (Collins, 2012, p. 374). He goes on to say, “Stay focused on your organization’s mission, Friedman instructs managers, and don’t be distracted by activities not associated with core operations” (Collins, 2012, p. 374). Nortel should have used corporate citizenship, which is defined by Collins (2012) as, “the extent to which a business meets its economic, legal, ethical, and philanthropic responsibilities in the community, or communities, in which
