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This week introduced corporate profits, accounting, and opportunity cost. Chapter 1 identified the goal of managers to maximize shareholder value. If shareholders do not believe management is accomplishing this objective, they can push for change. One example of this, can be recognized with the company Etsy, and the co-founder and former CEO Rob Kalin. Shortly after referring to profit maximization as ridiculous, Mr. Kalin was removed from his CEO position. Read the following article regarding this change in management:

Rob Kalin Out as Etsy CEO

Although this took place in 2011, some corporations have changed their mission or goals. Many firms now have a focus on ESG (Environmental, Social, and Governance). The following Forbes article provides insight into some of these changes:

Why Maximizing Shareholder Value Is Finally Dying

For this discussion board, given the textbook and articles, answer the following questions:

1) Do you believe Rob Kalin should have been asked to step down as CEO of ETSY?

2) Select a publicly traded company and identify the mission statement or goals. Provide a short overview of the corporation and values. Is the goal to maximize shareholder value? If you were a shareholder of this corporation, would you agree with their vision?

3) MSCI has created an ESG rating system of corporations. Using the tool, determine the ranking of your company (if not available please discuss another company you found to have a ranking). How does this company rate relative to their competition? What has been the trend for this company (increase, decrease, or maintain a stable rating)?

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