Kiobel v- Royal Dutch Petroleum Co-

Samantha L. Presser: Uncertain future of transnational companies

Samantha L. Presser: Uncertain future of transnational companies
From its initial introduction in the 1970s to the present, the idea of Corporate Social Responsibility (CSR) has not been popular in the business community.In an interview in 1970 with The New York Times Magazine, famed economist Milton Friedman famously remarked that a corporation “has one and only one social responsibility — to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.”