Company scandals keep masking a shift toward corporate responsibility ...Middle East

Economy by : (Quartz) -
A decade ago, the consultants at McKinsey examined the trend of solving social problems through business strategies and asked where the public would come out on corporate social responsibility. Would it be perceived as corporate greed just dressed up to look like something else? Now McKinsey itself is being questioned for its own practices, most recently for assisting Purdue Pharma to “turbocharge” the marketing of OxyContin when opioid abuse had already killed hundreds of thousands of Americans.What is the purpose of a corporation and what responsibilities does it have? Five years ago, Volkswagen’s emissions cheating scandal contributed to a steep downturn in public trust of companies. Toda

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