CSR: Doing Good vs Making Money
Richard Edelman took to his blog to respond to a Wall Street Journal article published last week titled “The Case Against Corporate Social Responsibility.”
In the article, Aneel Karnani, associate professor of strategy at the University of Michigan’s Stephen M. Ross School of Business, says that companies are primarily concerned with the bottom line. And even when they do good, it’s just a fortunate by-product of making money.
“The movement for corporate social responsibility is in direct opposition, in such cases, to the movement for better corporate governance, which demands that managers fulfill their fiduciary duty to act in the shareholders’ interest or be relieved of their responsibilities,” Karnani’s article reads.
Edelman CEO, Richard Edelman, in his blog
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