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Ford
Ford canceling shareholder dividends to give further discounts to customers on Model T’s.
Judge ruled in favor of Dodge
ENRON—the underlying reason for its collapse can be traced to characteristics common to all corporations: obsession with profits and share prices, greed, lack of concern for others, and a penchant for breaking legal rules.
Some arguments for acts of social responsibility:
-Pfizer-community work, safer subway etc.
-Corporations put good deeds at heart of business plan
-Capitalism with conscience
-Social responsible promoting ads help sell as well as sex ads
Economist’s view of corporate social responsibility:
-Its interests are the interests of the shareholders
-Social responsibility is fine provided it does not interfere with profit
Chapter 3
The Externalizing Machine
-Corporations can cause harm based on a cost benefit model and make cost effective decisions
I...
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