Wal-Mart and Corporate Social ResponsibilityWal-Mart Corporation is a multibillion-dollar low-cost retail organization consisting of 6,400 stores and 1.8 million sellers worldwide. Wal-Mart's influence on the retail world and the enormity of their company's size is unprecedented. Wal-Mart can easily report revenue of $312.4 billion per fiscal quarter and net income of $3.8 billion. Wal-Mart promises its customers “Always low prices. Always ! » and defends this motto by offering low prices to its customers and a high return on investment to its shareholders. Wal-Mart has managed to maintain a competitive advantage over other low-cost retail giants and offer low prices by cutting wages and not offering too many benefits to its employees. Full-time employees working at Wal-Mart earn just $8 an hour, while only 45 percent of workers can afford health insurance. Wal-Mart also increased the number of part-time employees from 20 to 40 percent so that it would not have to cover all of its employees for health insurance. Even though Wal-Mart does not offer excellent benefits to its employees, it operates successfully as a legitimate business operating in a capitalist society. Wal-Mart upholds the primary fiduciary duty of satisfying its shareholders and follows the free market model, which states that a company should not interfere with the free market. In a free market, Wal-Mart has a direct responsibility to its major shareholders rather than to the company's employees. According to philosopher Milton Friedman, the only social responsibility of a corporation is to increase the profits of its shareholders. From a utilitarian perspective, we can see that Wal-Mart acts in a way that produces the greatest possible balance between the good and the discontent of its shareholders. Wal-Mart fulfills its fiduciary duties to its shareholders by not increasing the salaries of its employees, but by taking the amount of money and returning it to its shareholders and shareholders such as customers and suppliers. Wal-Mart creates happiness from the number of people who invest in the company. Ethics is about the consequences of an action and the consequences of Wal-Mart's actions create the greatest good for the people who are the major shareholders of the company. We can say that Wal-Mart's quest for profits does not lead to the greater good. collective good for society as many small business owners and Wal-Mart employees must file for bankruptcy.