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Arabica Robusta

Responsible consumerism | Manila Bulletin - 0 views

  • The multinational manufacturing giants were trying to cope with changes in technology and demographics which threatened to make them obsolete. Top managements in publicly owned US companies, regardless of size and performance, cowered under the threat of the corporate raider and his ultimate weapon, the junk bond.
  • Corporate capitalism promised that the large corporation would be run in the interests of the greater number of stakeholders. Instead, it was being pushed into a subordinate role – away from its market standing, its technology, and its basic wealth-producing capacity and into immediate earnings and next week’s stock price. A Marxist would call this turn of events “speculator’s capitalism.”
  • Meantime, Bill Gates has come up with a solution as to how billions of dollars generated through capitalism can help people in the poor nations which the world has forgotten. He termed it creative capitalism. He believed that some corporations have identified brand-new markets among the poor for life-changing technologies like cell phones. Others have seen how they can do good and do well at the same time.
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  • social entrepreneurs are starting companies rather than non-profit organizations, to capitalize on public benefit. To top it all, some of these entrepreneurs choose a new corporate structure that requires enterprises to build into their foundation strong social and environmental standards for their operations.
  • Through Bono’s persistence, the (RED) campaign was launched and today Gap, Hallmark, and Dell, among others, sell (RED)-branded products and donate a portion of their profits to fight AIDS.
  • Corporate America has discovered that social responsibility attracts investment capital as well as customer loyalty, creating a virtuous cycle. Companies are now talking about a triple bottom line – profit, planet, and people – that focuses on how to run a business while trying to improve environmental and working conditions. Some companies have embraced the new ethos.
  • None of this could have happened without consumer demand. In a survey conducted, half of Americans polled said that protecting the environment should be given priority over economic growth – to think that the survey was done amidst a recession and unprecedented record unemployment. Consumers are doing their own calculations and they would prefer comparatively more expensive cars that get better gas mileage, will save them money in the long run, and make them feel good in the process. Walmart, once the poster child of ruthlessness, a retailer whose business in the past was to undercut all its competitors, has resolved to change its way of doing business for the sake of the future of the planet.
  • These days, some companies are cutting back on their philanthropy but not on their Corporate Social Responsibility initiatives
    • Arabica Robusta
       
      How true is this? There are many examples (e.g. BP) of corporations cutting back on CSR.
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    "Capitalism has evolved in at least three different forms: corporate capitalism, speculator's capitalism, and, most recently, creative capitalism."
Arabica Robusta

Mmm, mmm good -- at social responsibility | delawareonline.com | The News Journal - 0 views

  • two global surveys conducted in 2008 by Mc- Kinsey. "How Virtue Creates Value for Business and Society" stated, among other conclusions, that while investors often see corporate responsibility as part of the company's long-term strategy, 50 percent of corporate responsibility officers surveyed view it primarily as avoiding trouble, rather than a positive force for change.


  • Campbell has a presence in 120 countries with such brands as V8, Pepperidge Farm, Goldfish crackers and Franco-American sauces. Last year, it ranked second among American companies perceived by the U.S. public as the most socially responsible, according to the Corporate Social Responsibility Index of the Boston College Center for Corporate Citizenship and the Reputation Institute.
  • At Wharton, Stangis focused on an enduring challenge for corporate responsibility professionals: building and maintaining support within one's own company, especially in a recession, when indiscriminate do-gooding will invariably raise eyebrows among cost-conscious colleagues.
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      "Campbell has a presence in 120 countries with such brands as V8, Pepperidge Farm, Goldfish crackers and Franco-American sauces. Last year, it ranked second among American companies perceived by the U.S. public as the most socially responsible, according to the Corporate Social Responsibility Index of the Boston College Center for Corporate Citizenship and the Reputation Institute."
    david derouen

    Ultimate Civics » Blog Archive » Corporations Are Not Persons - 0 views

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      By Ralph Nader & Carl J. Mayer New York Times, April 9, 1988 Our constitutional rights were intended for real persons, not artificial creations. The Framers knew about corporations but chose not to mention these contrived entities in the Constitution. For them, the document shielded living beings from arbitrary government and endowed them with the right to speak, assemble, and petition. Today, however, corporations enjoy virtually the same umbrella of constitutional protections as individuals do. They have become in effect artificial persons with infinitely greater power than humans. This constitutional equivalence must end. Consider a few noxious developments during the last 10 years. A group of large Boston companies invoked the First Amendment in order to spend lavishly and thus successfully defeat a referendum that would have permitted the legislature to enact a progressive income tax that had no direct effect on the property and business of these companies. An Idaho electrical and plumbing corporation cited the Fourth Amendment and deterred a health and safety investigation. A textile supply company used Fifth Amendment protections and barred retrial in a criminal anti-trust case in Texas. The idea that the Constitution should apply to corporations as it applies to humans had its dubious origins in 1886. The Supreme Court said it did "not wish to hear argument" on whether corporations were "persons" protected by the 14th Amendment, a civil rights amendment designed to safeguard newly emancipated blacks from unfair government treatment. It simply decreed that corporations were persons. Now that is judicial activism. A string of later dissents, by Justices Hugo Black and William O. Douglas, demonstrated that neither the history nor the language of the 14th Amendment was meant to protect corporations. But it was too late. The genie was out of the bottle and the corporate evolution into personhood was under way. It was not until the 1970's that corporations
    anonymous

    Brown warns of enduring al-Qaida threat to UK | Politics | guardian.co.uk - 0 views

    • Brown warns of enduring al-Qaida threat to UK Prime minister says 60,000 civilians have been trained to deal with terrorist incidents
    • Some 60,000 civilians, including shop managers and council workers, have been trained to cope with the threat."Today, not only the police and security and intelligence officers and our armed forces, but also the emergency services, local councils, businesses and community groups are involved in state-of-the-art civil contingency planning,"
    • Gordon Brown today warned that al-Qaida remains the biggest security threat to the UK, as he revealed that tens of thousands of civilians have been trained to deal with terrorist attacks as part of a new strategy to combat extremists.
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    • By 2011, Britain will be spending £3.5bn a year on counter-terrorism, Brown said. The imprisonment of 80 terrorists in Britain in the last two years was hitting the morale of al-Qaida. Part of the new strategy would address the longer-term causes of terrorism by "understanding what leads people to become radicalised, so we can stop the process".Brown said that more than two-thirds of the plots threatening the UK are linked to Pakistan.
    anonymous

    Statement from Mayor Gavin Newsom of San Francisco at the US Conference of Mayors - Corporate Accountability International - Challenging Abuse, Protecting People - Think Outside the Bottle - challenging the bottled water industry - 0 views

    • Cities are sending the wrong message about the quality of tap water when we spend taxpayer dollars on water in disposable containers from private corporations.  The fact is, our tap water is more highly regulated than what's in the bottle. Years of misleading bottled water marketing have led residents to believe otherwise. Years of misleading marketing have also led the city to spend taxpayer dollars on lucrative bottled water contracts - even when the City, itself, provides water that is every bit, if not more, safe, reliable and thirst-quenching.
    anonymous

    The Nation: Big Pharma, Bad Science - 0 views

    • New England Journal of Medicine
    • The editors declared that they were dropping their policy stipulating that authors of review articles of medical studies could not have financial ties to drug companies whose medicines were being analyzed
    • The reason? The journal could no longer find enough independent experts.
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    • So the journal settled for a new standard: Their reviewers can have received no more than $10,000 from companies whose work they judge. Isn't that comforting?
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