ADMS 1010 Lecture Notes - Lecture 4: Atmospheric Sciences, Concept Map, Chicago School Of Economics

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Eytan Lasry

Document Summary

Lecture 4 environmental sustainability & corporate social responsibility (csr) 1953: howard bowen authors social responsibilities of the businessman. 1962: rachel carson authors silent spring: linked pesticide use (ddt) to widespread animal & human harm, launches the environmental movement. 1965: ralph nader authors unsafe at any speed: the designed in dangers of the american. Automobile: accused auto manufacturers of prioritizing cost concerns over human safety. Andersen: brings renewed focus on business ethics and corporate governance, u. s. housing bubble bursts causing a global financial crisis, kicks off the great recession , global financial instability continues until . Clearly, csr and sustainability are mainstream practices now. Milton friedman: the only responsibility of a business is to increase profits. Some of his secondary claims/ideas: only people can have responsibilities. Corporations are artificial legal structures and can thus only have artificial responsibilities: corporate executives are only responsible to owners (shareholders)