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avivajazz  jazzaviva

Corporate Credo of 1948: Shareholder Profits Didn't Always Trump Every Other Possible C... - 0 views

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    The corporation's responsibiities, per Johnson & Johnson CEO, 1948, in order of priority: 1. First responsibility is to those who use our product; we must offer high quality at low prices, and deliver our product with prompt, accurate service. 2.  Second responsibility is to all employees of the corporation, providing fair pay, job security, healthy working conditions, respect for each individual, and justice in management and governance of both employees and operations.    3. Third responsibility is to hire corporate executives possessing integrity, talent, common sense, personal wisdom, education, and experience. 4. Four responisibility is to the communities in which our corporate facilities are embedded. Corporations must be good citizens, contributing to the health and viability of the commonweal, supporting civic improvement, improved health, education, and government, reinvest in the corporation's larger community and infrastructure  by paying fair taxes, and being good stewards of the unsustainable resources used in conducting business activities. 6. Last responsibility is to shareholders/stockholders via creation of sound, sustainable profit and fair returns to investors. 5. 
avivajazz  jazzaviva

The Bonus-Driven "Rainmaker" Financial Firm: How These Firms Enrich Top Employees, Dest... - 0 views

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    "Crotty, James The Bonus-Driven "Rainmaker" Financial Firm: How These Firms Enrich Top Employees, Destroy Shareholder Value and Create Systemic Financial Instability (revised) Publication Date: 4/26/2010"
avivajazz  jazzaviva

Obama marks crisis by urging Wall Street to act before Congress | TheHill.com - 0 views

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    "You don't have to wait to use plain language in your dealings with consumers. You don't have to wait to put the 2009 bonuses of your senior executives up for a shareholder vote," Obama said. "You don't have to wait for a law to overhaul your pay system so that folks are rewarded for long-term performance instead of short-term gains."
avivajazz  jazzaviva

Conscious Capitalism || Business as Socially-Responsible, Socially-Profitable, and Crea... - 0 views

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    Long, comprehensive, illustrated, well-written (somewhat outdated) article on a paradigm for business where shareholder profits were balanced by social value. Clearly spells out that profits and wealth are not the antithesis of ethics and social responsibility. Rather, they are mutually-interdependent, even synergistic.
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