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Last post 4 years ago by delta1. 21 replies replies.
Corporations Tout New "Corporate Responsibility"
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delta1 Offline
#1 Posted: Fri, Aug 23 2019, 3:42 PM EST
Joined: 11-23-2011
Posts: 28,778
CEO's of 181 major US corporations, the Business Roundtable, announced a new era of corporate responsibility to all stakeholders: customers, employees, communities, suppliers, in addition to shareholders...

Anybody buying this fluff?
DrafterX Offline
#2 Posted: Fri, Aug 23 2019, 4:17 PM EST
Joined: 10-18-2005
Posts: 98,535
Who sells the fluff..?? Huh
Speyside Offline
#3 Posted: Fri, Aug 23 2019, 4:28 PM EST
Joined: 03-16-2015
Posts: 13,106
Corporations market flutters? Whoda thunk it?
frankj1 Offline
#4 Posted: Fri, Aug 23 2019, 6:02 PM EST
Joined: 02-08-2007
Posts: 44,215
delta1 wrote:
CEO's of 181 major US corporations, the Business Roundtable, announced a new era of corporate responsibility to all stakeholders: customers, employees, communities, suppliers, in addition to shareholders...

Anybody buying this fluff?

saw an article today...my initial reaction was positive.
Phil222 Offline
#5 Posted: Fri, Aug 23 2019, 6:20 PM EST
Joined: 10-01-2017
Posts: 1,911
“The CEOs of nearly 200 companies just said shareholder value is no longer their main objective…”

In other news, “Nearly 200 compainies are looking to hire new CEOs…”

I guess publicly admitting that you’ve been acting irresponsibly is a good first step.
izonfire Offline
#6 Posted: Fri, Aug 23 2019, 7:56 PM EST
Joined: 12-09-2013
Posts: 8,644
Speyside wrote:
Corporations market flutters? Whoda thunk it?


Stop fluttering yourself Spey. Rest up.
You’re in the hospital for godsake!
izonfire Offline
#7 Posted: Fri, Aug 23 2019, 7:58 PM EST
Joined: 12-09-2013
Posts: 8,644
frankj1 wrote:
saw an article today...my initial reaction was positive.


I’m interested in your eight successive reactions after that. Do tell
JadeRose Offline
#8 Posted: Fri, Aug 23 2019, 8:04 PM EST
Joined: 05-15-2008
Posts: 19,525
They are simply responding to the markets.
frankj1 Offline
#9 Posted: Fri, Aug 23 2019, 8:31 PM EST
Joined: 02-08-2007
Posts: 44,215
izonfire wrote:
I’m interested in your eight successive reactions after that. Do tell

don't ask, don't tell.
Bill Clinton

never complain, never explain.
Nelson Rockefeller (stolen from Disraeli)
izonfire Offline
#10 Posted: Fri, Aug 23 2019, 8:39 PM EST
Joined: 12-09-2013
Posts: 8,644
I threw a wish in the well
Don't ask me I'll never tell
I looked at you as it fell
And now you're in my way
I'd trade my soul for a wish
Pennies and dimes for a kiss
I wasn't looking for this
But now you're in my way

Call me maybe
borndead1 Offline
#11 Posted: Fri, Aug 23 2019, 9:43 PM EST
Joined: 11-07-2006
Posts: 5,215
They are pandering to millennials.

If this pandering results in less pollution and a greater focus on long-term company viability over short-term profits, cool.
frankj1 Offline
#12 Posted: Fri, Aug 23 2019, 10:12 PM EST
Joined: 02-08-2007
Posts: 44,215
front page Boston Globe today.

original reference is the opening of a 2011 article in the Harvard Business Review that lays out the concept of shared value, or "creating economic value in a way that also creates value for society by addressing its needs and challenges".

According to the article/commentary by Larry Edelman, the authors are Harvard Business School professor Michael E. Porter and Boston consultant Mark R. Kramer and are "far from fiery populists".

"That concept got a big boost Monday when the Business Roundtable, a group of some of the country's most powerful CEO's, threw out one of their basic tenets- that corporations exist principally to serve their shareholders."

"Along with profits for shareholders, companies must 'deliver value' to customers, employees, suppliers, and the communities where they operate."

Can't type anymore, but the rest is worth a read.

below the fold...CEO group (Business Roundtable) poses a test for capitalism
delta1 Offline
#13 Posted: Sat, Aug 24 2019, 5:18 PM EST
Joined: 11-23-2011
Posts: 28,778
the corporate world periodically professes its desire to be better citizens, especially following catastrophes that resulted from corporate excess...today's blooming catastrophe is the ever widening gap in compensation between the top corporate leaders and the average worker...

history shows after some buzz and cheering for the public statements of contrition.................business as usual: CEO compensation keeps going up, labor pay stays flat, environmental damage continues, consumers keep getting screwed by inflated prices, poor and unsafe products, shady/fraudulent business practices, political participation that results in out-sized influence on legislation that supports corporations as they screw the average consumer/citizen...
DrafterX Offline
#14 Posted: Sat, Aug 24 2019, 11:28 PM EST
Joined: 10-18-2005
Posts: 98,535
So what's your solution..?? Dissolve them..?? Put millions of people out of work.. kill the stock market..?? Kill capitalism..?? Mellow
rfenst Offline
#15 Posted: Sun, Aug 25 2019, 12:43 AM EST
Joined: 06-23-2007
Posts: 39,255
delta1 wrote:
CEO's of 181 major US corporations, the Business Roundtable, announced a new era of corporate responsibility to all stakeholders: customers, employees, communities, suppliers, in addition to shareholders...

Anybody buying this fluff?

Nope. Not really. Profit must be the primary concern.
delta1 Offline
#16 Posted: Mon, Aug 26 2019, 3:10 PM EST
Joined: 11-23-2011
Posts: 28,778
DrafterX wrote:
So what's your solution..?? Dissolve them..?? Put millions of people out of work.. kill the stock market..?? Kill capitalism..?? Mellow


nope...we need corporations to be successful...they have contributed to the rising standard of living globally, the population explosion and the advancement of the human race ... not sure if any other human collaborations could have achieved this...but they do these mea culpas periodically when the heat is on, to try to calm troubled waters.....

I'm at a loss as to how to make them more accountable for their words and actions ... to motivate them to treat their employees and customers as they treat their CEOs and upper managers ...seems they are impervious to regulatory oversight until something catastrophic happens...

there are models of "best corporations to work for"...Google, In-N-Out, World Wide Tech....

kinda like looking at the statue of David, and saying his genitals are too small....
victor809 Offline
#17 Posted: Mon, Aug 26 2019, 3:16 PM EST
Joined: 10-14-2011
Posts: 23,866
DrafterX wrote:
So what's your solution..?? Dissolve them..?? Put millions of people out of work.. kill the stock market..?? Kill capitalism..?? Mellow


turnipfurher is already killing the stock market
frankj1 Offline
#18 Posted: Mon, Aug 26 2019, 10:17 PM EST
Joined: 02-08-2007
Posts: 44,215
Johnson & Johnson?
izonfire Offline
#19 Posted: Mon, Aug 26 2019, 11:25 PM EST
Joined: 12-09-2013
Posts: 8,644
frankj1 wrote:
......... Can't type anymore, ...............


Why? Did you lose your digits in the Finger Lakes?
I told you not to go there. No one goes there voluntarily.
Did the letters follow?

Nights in white satin
Never reaching the end
Letters I've written
Never meaning to send

Beauty I'd always missed
With these eyes before
Just what the truth is
I can't say any more

Gazing at people,
some hand in hand
Just what I'm going through
they can't understand

Some try to tell me,
thoughts they cannot defend
Just what you want to be,
you will be in the end

Call me maybe
frankj1 Offline
#20 Posted: Tue, Aug 27 2019, 9:01 AM EST
Joined: 02-08-2007
Posts: 44,215
nice
delta1 Offline
#21 Posted: Tue, Aug 27 2019, 4:44 PM EST
Joined: 11-23-2011
Posts: 28,778
frankj1 wrote:
Johnson & Johnson?


Isn't it ironic that their CEO is a member of the Business Roundtable?
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