The case against CSR.
Social responsibility is a function of government not business
CSR detracts business from a firms core objectives causing harmful conflicts of interest
Shareholders should only support managers and projects which do good for the business.
Extra costs limits profits.
The firm employing the stewards, Stallion Security, told AFP news agency that
the workers had been "misled" by jealous commercial rivals who failed to get the
World Cup tender.
This article highlights how employee action can cause potentially damaging consequences for businesses. The stewards walked out after they had been paid less than they were 'promised' - it emphasises the impact of poor employer-employee relations on business functioning.
Firms primary responsibility is to shareholders not to stakeholders or society at large. Milton Friedman's seminal work was published almost 40 years ago. In "The Social Responsibility of Business Is to Increase Its Profits", Friedman argued that business "had no responsibilities other than to maximise profits for the shareholders".