The CSR Newsletters are a freely-available resource generated as a dynamic complement to the textbook, Strategic Corporate Social Responsibility: Sustainable Value Creation.

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Wednesday, January 20, 2016

Strategic CSR - Welcome back!

Welcome back to the Strategic CSR Newsletter!
The first CSR Newsletter of the Spring semester is below.
As always, your comments and ideas are welcome.
The article in the url below offers its take on the top eight "biggest errors, scandals, and crimes of the world of big business in 2015":
1. Toshiba's accounting scandal.
2. FIFA's RICO problem.
3. Goldman Sachs employee uses stolen confidential materials.
4. The dirty business of oil and gas.
5. Millions of kids' personal data hacked.
6. Exxon Mobil deliberately misleads the public about climate change.
7. Volkswagen cheats emissions tests.
8. Turing Pharmaceuticals jacks up prices.
I have less issue with the list so much as the ordering. It is not clear why the transgressions of a single employee at Goldman Sachs, for example, should be ranked so much higher than the organization-wide effort by VW to evade public safety regulations (and which has since been linked to "about 59 early deaths in the U.S. alone" – see BusinessWeek article here). It will also be interesting to see the extent to which specific transgressions stand the test of time. I am particularly interested to see whether the Exxon case gains any traction in the courts.
To see The Guardian's Top5 scandals that "defined" 2015, see here.
Hope you have a great semester.
David Chandler & Bill Werther
Instructor Teaching and Student Study Site:
Strategic CSR Simulation:
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The 8 Most Outrageous Business Scandals of 2015
By Will Yakowicz
December 23, 2015