Does CSR encourage bad employee behavior?

Does CSR encourage bad employee behavior?

In a recent episode of the Freakonomics podcast, Stephen Dubner stated that “customers don’t seem to care all that much” about CSR, and suggested that firms practicing CSR might be encouraging their employees to behave badly because of moral licensing. I thought it might be a good time to clarify things a bit.

Requiem for Milton Friedman

Requiem for Milton Friedman

Poor Milton Friedman. The Nobel Prize-winning economist and Chicago-school anti-Keynesian had a lot of good ideas, and was unmatched at explaining complex economic theories in a way that non-economists could understand. But he keeps getting yanked out of his grave and waved at anybody who even hints that business might have some responsibility to society. 

Effective Philanthropy: Is it okay to just treat the symptom?

Effective Philanthropy: Is it okay to just treat the symptom?

Often I will be talking to someone about charitable giving, and they will express frustration that, "it's just one thing after another. We keep giving money to treat the symptoms, but never really address the root cause." Or, with more funder jargon, "we only fund transformative projects."

While I understand not wanting to waste precious donations, I usually counter with this analogy: Saying that you don't want to donate to a food pantry because those people just get hungry again tomorrow is just like saying that you want to eliminate emergency rooms because those people will just keep having heart attacks and getting into car accidents.

Why would you want a corporate foundation?

Companies generally start foundations (or alternatives to corporate foundations) to help formalize their philanthropic programs. Ad hoc, nonstrategic giving is expensive, ineffective and time consuming, and a formal program can help to prevent that. Here are the four main reasons that companies start their own foundations.