Business ethics is a staple in the news today. One of the most difficult ethical questions facing managers is, To whom are they responsibleOrganizations can affect and are affected by many different constituencies-these groups are often called stakeholders. But who are these stakeholdersWhat sort of managerial attention should they receiveIs there a legal duty to attend to stakeholders or is such a duty legally prohibited due to the shareholder wealth maximization imperativeIn short, for whose benefit ought a firm be managedDespite the ever growing importance of these questions, there is no comprehensive, theoretical treatment of the stakeholder framework currently in print. In Stakeholder Theory and Organizational Ethics, Robert Phillips provides an extended defense of stakeholder theory as the preeminent theory of organizational ethics today. Addressing the difficult question of what the moral underpinning of stakeholder theory should be, Phillips elaborates a "principle of展开