In last night’s Intro to Business class, the topic was corporate social responsibility, and I asked students if they would prefer to work for Bank Happy with an OK salary but knowing they are socially responsible or Bank Evil that pays a few bucks more but is known for their unethical actions.
Overwhelmingly, the choice of the students was to work for Bank Evil. A mixed breed of demographics, the majority felt like it was on themselves to be socially responsible, but that what the company did to make a profit was up to them. This is very interesting to me. It certainly doesn’t do much to support Rand’s Objectivism.
I keep up with the CSR stuff. Who doesn’t have at least 60 seconds to get the rundown from 3bl? But, the million dollar question here appears to be how many people are swayed by a small increase in monetary compensation. The actual actions of the organizations meant less to this particular sample.
I’m still wrapping my head around this…