Republicans or Democrats – Who Owns Corporate Responsibility ?

Corporate responsibility ecompasses the activities of a company that contribute positively to society (and the environment) beyond the need to make a profit and follow the law.  Can either the political left or right claim greater ownership of this concept ?

I used to think, perhaps naively, that the left leaning would be more likely to posit that companies have a broader  3 P’s (people, profit, planet) role and the right leaning would be more likely to have a narrower ‘profit only’ view of the role of companies.

But it is always healthy to turn assumptions on their head and take …

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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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