Not Good Citizens 11

Not Good Citizens 11 - Corporations Are Not Good Citizens...

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Corporations Are Not Good Citizens By: Brittany Albert, Morgan Cardet, and Anna Oleksiak According to the World Economic Forum, corporate citizenship “is about the contribution a company makes to society through its core business activities, its social investment, and philanthropy programs, and its engagement in public policy.” 1 A company’s long-term success is highly dependent on the way it manages its economic, social, and environmental relationships, as well as the way it engages with its stakeholders. Large corporations attempt to come off as being charitable and caring for the well being of our society, while in reality, they are only concerned with increasing revenues and gaining control. The enlarged power of corporations and their control over our political economy has become a vital issue. In every aspect of society corporations are the dominant players. One way they seek control by gaining political power is contributing money to federal candidates. About 80% of money contributed is from business interests and due to their immense political power; big corporations have resources to defend themselves in courts of law and in the court of public opinion. 2
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This note was uploaded on 05/10/2008 for the course FIN 422 taught by Professor Smith during the Spring '08 term at SUNY Plattsburgh.

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Not Good Citizens 11 - Corporations Are Not Good Citizens...

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