Absolutely no plagiarism, must be original and very thorough. Please make sure everything is followed in the question and the grading rubric. Assigned textbook is attached but also must include one other academic relevant outside resource, total of at least 2 references. Must include in-text citations. Please include the free link to the relevant academic source.

Textbook: Friedman, M. (1970). The Social Responsibility of Business is to Increase Profits. New York Times Magazine. Retrieved from http://www.umich.edu/~thecore/doc/Friedman.pdf (Links to an external site.)Links to an external site.

Question:Abuse of Power in Corporate Management

In one of this week’s assigned articles (The Berle-Dodd Exchange) (attached), Berle stated that “it must be conceded, at present, that relatively unbridled scope of corporate management has, to date, brought forward in the main seizure of power without recognition of responsibility – ambition without courage.” This statement was made in the early 1930s. How do you think this quote might apply to the financial crisis of 2007–2008? Please provide an example of corporate management that abused its power without recognition of responsibility to stakeholders.

Supporting material: Please feel free to use these links…Must also include one other academic relevant outside resource.

Please see grading rubric below. This assignment should be at least 5-6 paragraphs long and very thorough. Make sure you integrate real-life applications to support key points.