WSJ Executive Adviser (A Special Report): The Case Against Corporate Social Responsibility
The Case Against Corporate Social Rsponsibility Attachment COLLAPSE A business professor (at UofM Ann Arbor) wrote an opinion piece in the WSJ arguing against corporate social responsibility. (See attachment). The author argues that when "profits and social welfare are in direct opposition, an appeal to corporate social responsibility will be innefective, because executives are unlikely to act voluntarily in the public interest and against shareholder interests." He argues that executives will put shareholders' interests ahead of society, when in conflict. Do you agree with this author? Do you believe that large companies should engage in socially responsible behavior? What about when such behaviors conflict with profits (shareholders' interests)? Please comment.