The Rise and Fall of Corporate Social Responsibility

The Rise and Fall of Corporate Social Responsibility
Author: Douglas M. Eichar
Publisher: Taylor & Francis
Total Pages: 395
Release: 2017-05-25
Genre: Business & Economics
ISBN: 1351615009

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 century'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.

Running Steel, Running America

Running Steel, Running America
Author: Judith Stein
Publisher: Univ of North Carolina Press
Total Pages: 429
Release: 2000-11-09
Genre: History
ISBN: 0807864730

The history of modern liberalism has been hotly debated in contemporary politics and the academy. Here, Judith Stein uses the steel industry--long considered fundamental to the U.S. economy--to examine liberal policies and priorities after World War II. In a provocative revision of postwar American history, she argues that it was the primacy of foreign commitments and the outdated economic policies of the state, more than the nation's racial conflicts, that transformed American liberalism from the powerful progressivism of the New Deal to the feeble policies of the 1990s. Stein skillfully integrates a number of narratives usually treated in isolation--labor, civil rights, politics, business, and foreign policy--while underscoring the state's focus on the steel industry and its workers. By showing how those who intervened in the industry treated such economic issues as free trade and the globalization of steel production in isolation from the social issues of the day--most notably civil rights and the implementation of affirmative action--Stein advances a larger argument about postwar liberalism. Liberal attempts to address social inequalities without reference to the fundamental and changing workings of the economy, she says, have led to the foundering of the New Deal state.

The Public Company Transformed

The Public Company Transformed
Author: Brian Cheffins
Publisher: Oxford University Press
Total Pages: 452
Release: 2018-09-28
Genre: Law
ISBN: 0190640340

For decades, the public company has played a dominant role in the American economy. Since the middle of the 20th century, the nature of the public company has changed considerably. The transformation has been a fascinating one, marked by scandals, political controversy, wide swings in investor and public sentiment, mismanagement, entrepreneurial verve, noisy corporate "raiders" and various other larger-than-life personalities. Nevertheless, amidst a voluminous literature on corporations, a systematic historical analysis of the changes that have occurred is lacking. The Public Company Transformed correspondingly analyzes how the public company has been recast from the mid-20th century through to the present day, with particular emphasis on senior corporate executives and the constraints affecting the choices available to them. The chronological point of departure is the managerial capitalism era, which prevailed in large American corporations following World War II. The book explores managerial capitalism's rise, its 1950s and 1960s heyday, and its fall in the 1970s and 1980s. It describes the American public companies and executives that enjoyed prosperity during the 1990s, and the reversal of fortunes in the 2000s precipitated by corporate scandals and the financial crisis of 2008. The book also considers the regulation of public companies in detail, and discusses developments in shareholder activism, company boards, chief executives, and concerns about oligopoly. The volume concludes by offering conjectures on the future of the public corporation, and suggests that predictions of the demise of the public company have been exaggerated.

Taming the Octopus: The Long Battle for the Soul of the Corporation

Taming the Octopus: The Long Battle for the Soul of the Corporation
Author: Kyle Edward Williams
Publisher: W. W. Norton & Company
Total Pages: 190
Release: 2024-02-20
Genre: Business & Economics
ISBN: 0393867242

The untold story of how efforts to hold big business accountable changed American capitalism. Recent controversies around environmental, social, and governance (ESG) investing and “woke capital” evoke an old idea: the Progressive Era vision of a socially responsible corporation. By midcentury, the notion that big business should benefit society was a consensus view. But as Kyle Edward Williams’s brilliant history, Taming the Octopus, shows, the tools forged by New Deal liberals to hold business leaders accountable, such as the Securities and Exchange Commission, narrowly focused on the financial interests of shareholders. This inadvertently laid the groundwork for a set of fringe views to become dominant: that market forces should rule every facet of society. Along the way, American capitalism itself was reshaped, stripping businesses to their profit-making core. In this vivid and surprising history, we meet activists, investors, executives, and workers who fought over a simple question: Is the role of the corporation to deliver profits to shareholders, or something more? On one side were “business statesmen” who believed corporate largess could solve social problems. On the other were libertarian intellectuals such as Milton Friedman and his oft-forgotten contemporary, Henry Manne, whose theories justified the ruthless tactics of a growing class of corporate raiders. But Williams reveals that before the “activist investor” emerged as a capitalist archetype, Civil Rights groups used a similar playbook for different ends, buying shares to change a company from within. As a rising tide of activists pushed corporations to account for societal harms from napalm to environmental pollution to inequitable hiring, a new idea emerged: that managers could maximize value for society while still turning a maximal profit. This elusive ideal, “stakeholder capitalism,” still dominates our headlines today. Williams’s necessary history equips us to reconsider democracy’s tangled relationship with capitalism.

Temp

Temp
Author: Louis Hyman
Publisher: Penguin
Total Pages: 402
Release: 2019-08-20
Genre: Business & Economics
ISBN: 0735224080

Winner of the William G. Bowen Prize Named a "Triumph" of 2018 by New York Times Book Critics Shortlisted for the 800-CEO-READ Business Book Award The untold history of the surprising origins of the "gig economy"--how deliberate decisions made by consultants and CEOs in the 50s and 60s upended the stability of the workplace and the lives of millions of working men and women in postwar America. Over the last fifty years, job security has cratered as the institutions that insulated us from volatility have been swept aside by a fervent belief in the market. Now every working person in America today asks the same question: how secure is my job? In Temp, Louis Hyman explains how we got to this precarious position and traces the real origins of the gig economy: it was created not by accident, but by choice through a series of deliberate decisions by consultants and CEOs--long before the digital revolution. Uber is not the cause of insecurity and inequality in our country, and neither is the rest of the gig economy. The answer to our growing problems goes deeper than apps, further back than outsourcing and downsizing, and contests the most essential assumptions we have about how our businesses should work. As we make choices about the future, we need to understand our past.

Gods and Kings

Gods and Kings
Author: Dana Thomas
Publisher: Penguin
Total Pages: 434
Release: 2015-02-10
Genre: Biography & Autobiography
ISBN: 1101617950

More than two decades ago, John Galliano and Alexander McQueen arrived on the fashions scene when the business was in an artistic and economic rut. Both wanted to revolutionize fashion in a way no one had in decades. They shook the establishment out of its bourgeois, minimalist stupor with daring, sexy designs. They turned out landmark collections in mesmerizing, theatrical shows that retailers and critics still gush about and designers continue to reference. Their approach to fashion was wildly different—Galliano began as an illustrator, McQueen as a Savile Row tailor. Galliano led the way with his sensual bias-cut gowns and his voluptuous hourglass tailoring, which he presented in romantic storybook-like settings. McQueen, though nearly ten years younger than Galliano, was a brilliant technician and a visionary artist who brought a new reality to fashion, as well as an otherworldly beauty. For his first official collection at the tender age of twenty-three, McQueen did what few in fashion ever achieve: he invented a new silhouette, the Bumster. They had similar backgrounds: sensitive, shy gay men raised in tough London neighborhoods, their love of fashion nurtured by their doting mothers. Both struggled to get their businesses off the ground, despite early critical success. But by 1997, each had landed a job as creative director for couture houses owned by French tycoon Bernard Arnault, chairman of LVMH. Galliano’s and McQueen’s work for Dior and Givenchy and beyond not only influenced fashion; their distinct styles were also reflected across the media landscape. With their help, luxury fashion evolved from a clutch of small, family-owned businesses into a $280 billion-a-year global corporate industry. Executives pushed the designers to meet increasingly rapid deadlines. For both Galliano and McQueen, the pace was unsustainable. In 2010, McQueen took his own life three weeks before his womens' wear show. The same week that Galliano was fired, Forbes named Arnault the fourth richest man in the world. Two months later, Kate Middleton wore a McQueen wedding gown, instantly making the house the world’s most famous fashion brand, and the Metropolitan Museum of Art opened a wildly successful McQueen retrospective, cosponsored by the corporate owners of the McQueen brand. The corporations had won and the artists had lost. In her groundbreaking work Gods and Kings, acclaimed journalist Dana Thomas tells the true story of McQueen and Galliano. In so doing, she reveals the revolution in high fashion in the last two decades—and the price it demanded of the very ones who saved it.

United States Entrepreneurs and the Companies They Built

United States Entrepreneurs and the Companies They Built
Author: Wahib Nasrallah
Publisher: Bloomsbury Publishing USA
Total Pages: 376
Release: 2003-08-30
Genre: Business & Economics
ISBN: 0313052913

This pioneering work provides an index to over 1,700 biographies of prominent U.S. entrepreneurs, innovators and company executives published in over 120 biographical collected works which are identified, examined, and indexed here. These collected works cover a span of over 100 years and include men and women who shaped the history of American enterprise. In the past, collected works such as these have never been indexed but, finally, this book makes the biographies accessible to the general public. Wahib Nasrallah has created the only book available today that indexes these stories of corporate success as they are documented in collected works of biography. A large number of executive biographies are published in collected works that are rich with stories of American enterprise, male and female entrepreneurs of many ethnic backgrounds. Since these stories have never been indexed before, United States Entrepreneurs and the Companies They Built: An Index to Biographies and Collected Works is a central research tool in both academic and corporate worlds.

Intersections Between Corporate and Antitrust Law

Intersections Between Corporate and Antitrust Law
Author: Marco Corradi
Publisher: Cambridge University Press
Total Pages: 353
Release: 2023-05-31
Genre: Law
ISBN: 1108901514

Recent public debate on common ownership by institutional investors has brought awareness to one of the many intersections between the corporate and antitrust worlds. But the interplay between these two fields dates back to the dawn of US antitrust. This volume shines a light on the often underplayed and misunderstood connections between antitrust and corporate law and finance. It offers a multi-disciplinary perspective on highly trending issues, such as parallel equity holdings, interlocking directorships, the anticompetitive effects of certain corporate governance arrangements, and the relationships between ESG and not-for profit activities with antitrust law. This edited collection brings together leading experts from across the US, Europe, and Asia and provides a cross-border perspective on alternative policy approaches for the field.

In Their Time

In Their Time
Author: Anthony J. Mayo
Publisher: Harvard Business Review Press
Total Pages: 477
Release: 2005-10-04
Genre: Business & Economics
ISBN: 1633691233

Great business leaders possess more than celebrated traits like charisma and an appetite for risk. They have "contextual intelligence"—a profound ability to understand the Zeitgeist of their times and harness it to create successful organizations. Based on a comprehensive Harvard Business School Leadership Initiative study, Anthony J. Mayo and Nitin Nohria present a fascinating collection of stories of the 20th century's greatest leaders, from unsung heroes to legends like Sam Walton and Bill Gates. The book identifies three distinct paths these individuals followed to greatness: entrepreneurial innovation, savvy management, and transformational leadership. Through engaging stories of leaders in each category, the authors show how, by "reading" the context they operated in and embracing the opportunities their times presented, these individuals created, grew, or revitalized outstanding American enterprises. A canon of leadership success from the last century, In Their Time reveals insights for contemporary leaders hoping to build lasting legacies.