Showing posts with label corporate social responsibility.. Show all posts
Showing posts with label corporate social responsibility.. Show all posts

Wednesday, March 5, 2014

"I don't consider the bloody ROI" ...

... said Apple CEO Tim Cook.

First I find it amusing that the word "bloody" - a great staple of the English language in its native country  - is making its way into the mainstream lexicon in the USA.  But for it to be really effective, I recommend combining it with "hell" from time to time.

But back to Mr. Cook.  Mr Cook was being questioned on the Apple's CSR (corporate social responsibility) policies by a conservative "think tank" (the National Center for Public Policy Research).  Mr Cook didn't appreciate the line of questioning - hence the money quote in the title of this blog post.

I think Aswath Damodaran frames the issue quite well.  There is plenty of evidence that CSR policies can create shareholder value when conducted in a careful and thoughtful manner.  But responding as he did, Mr Cook gave the NCPPR a great sound bite that ends up making Apple look bad.  That said, the alternative reality that the NCPPR occupies is so devoid of any understanding of science that I can understand why Mr. Cook was so exasperated.


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