I agree with your prof...
just how do you know at the end of the day a company's NPV (net present value) decision was good? Any other decision might have been been much higher NPV or not as bad.
One would need two identical company's making their decisions at the same time to tell which one was the best, and even then the decisions the companies made could affect one another?
Of course if the NPV is negative then the decision was bad. But making no decision may have been worse?
In a more general moral sense I don't believe that right and wrong exist. This of course leads to some very uncomfortable insights and positions from a societal point of view. |