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July 12, 2010

All Business: BP makes a joke of corporate responsibility

  • Marketing firms as good corporate citizens has become an industry, but BP shows it can be a house of cards.
  • By RACHEL BECK
    AP Business Writer

    NEW YORK — Milton Friedman once said companies can't be socially responsible because they only exist to make as much money as possible.

    The late Nobel laureate economist would appreciate what's going on now: A historic environmental disaster caused by a company that went out of its way to tout itself as the ideal corporate citizen.


     
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