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Author:   Matt Deatherage  
Posted: 3/7/02; 3:31:37 PM
Topic: Social responsibility in corporate law
Msg #: 116 (top msg in thread)
Prev/Next: 115/117
Reads: 3464

Social responsibility in corporate law

MDJ has mentioned several times that, not too many years ago, corporations were beholden to more than the bottom line. Companies owed returns to shareholders but also had responsibilities to their communities, their employees, the country, and more. The concept that a company would deliberately engage in fatal or damaging behavior to the general public to squeeze a few more dollars out of its business was unfathomable. Now it's the rule, and attorney Robert Hinkley says it's because the law requires corporate directors to put shareholder interests first. These "interests" are always defined as "money." Hinkley says it's time to change the law to make sure that corporations are more responsible citizens -- a change 95% of Americans want.

You want "class warfare?" Try the largest corporations in the world arguing against laws that require them not to damage the environment or kill people in the name of money. Wow. (found at MetaFilter)

# - Posted to Politics on 3/7/02; 3:32:09 PM - Discuss (2 responses) -


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