Does GE under Welch illustrate a narrower view of corporate social responsibility closer to Friedman’s view that the only social responsibility is to increase profits while obeying the law?
Answer to relevant QuestionsHow well did GE comply with the “General Principles of Corporate Social Responsibility” set forth in the section of that title in the chapter?Has Nike created and implemented an effective approach to social responsibility? Does it address root causes of problems in Nike’s supply chain? Should it now do more or do something different? What lies are present in the “tangled webs” considered here? How were they used? How were they justified by those who executed them? Who was harmed by them? Which lies were most harmful? After Citizens United are the rules for corporate participation in elections still too strict, about right, or too relaxed? Why?Who is responsible for the Bhopal accident? How should blame be apportioned among parties involved, including Union Carbide Corporation, UCIL, plant workers, governments in India, or others?
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