Returns, Jobs or Charity – What is a Corporation’s Responsibility

The recent debate around Mitt Romney and the role of Bain Capital in job losses has created an important line in the sand for corporate responsibility. Steve Rattner, former ‘Car Czar’ for the Obama Administration, defended Romney in an important statement on TV. He said,

“Bain Capital’s responsibility was not to create 100,000 jobs or some other number, it was to make profits for its investors, most of whom were pension funds, endowments and foundations and it did it superbly well, acting within the rules, acting very responsibly and was a leading firm”

The important argument that Rattner makes here is …

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The Loyal Opposition

The Loyal Opposition

I wrote an article for this month’s CR magazine on the trend I am seeing amongst CR practitioners to validate all sustainability programs within the framework of the CFO’s view of the world.   And that worries me.  The article, which came out online yesterday explores why I think this is a troubling trend.

Business looks to us to set the CR agenda.  And we need to talk the language of business.  But, far from falling into line with offering a single perspective, no matter how important it might be to operate using business tools and terms, CR …

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