The Rise and Fall of Corporate Social Responsibility

The Rise and Fall of Corporate Social Responsibility

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Corporate social responsibility was one of the most consequential business trends of the twentieth century. Having spent decades burnishing reputations as both great places to work and generous philanthropists, large corporations suddenly abandoned their commitment to their communities and employees during the 1980s and 1990s, indicated by declining job security, health insurance, and corporate giving. Douglas M. Eichar argues that for most of the twentieth century, the benevolence of large corporations functioned to stave off government regulations and unions, as corporations voluntarily adopted more progressive workplace practices or made philanthropic contributions. Eichar contends that as governmental and union threats to managerial prerogatives withered toward the centurya€™s end, so did corporate social responsibility. Today, with shareholder value as their beacon, large corporations have shred their social contract with their employees, decimated unions, avoided taxes, and engaged in all manner of risky practices and corrupt politics. This book is the first to cover the entire history of twentieth-century corporate social responsibility. It provides a valuable perspective from which to revisit the debate concerning the public purpose of large corporations. It also offers new ideas that may transform the public debate about regulating larger corporations.Not only are the vast majority (79 percent) of Americans now employed by service-sector companies, a number of the leading large employers are retail corporations. In addition to Walmart, the top fifteen in 2010 included Target, Kroger, Home Depot, Sears, and CVS. ... as an upstart pharmacy, home improvement center, or grocery can appear at any time, but new technology may render a storea#39;s mainanbsp;...

Title:The Rise and Fall of Corporate Social Responsibility
Author: Douglas M. Eichar
Publisher:Transaction Publishers - 2015-08-31

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