Socially Responsible Corporations Essay -- essays research papers

Socially Responsible CorporationsSocially Responsible Companies are those that stage the public interest as a priority in everything they do. These companies seethe anywhere from the food industry (Ben and Jerrys) to communications (Motorola). These companies are noted as philanthropists, and are the leading companies in their markets. They also, most of the time, have very devoted employees who love working at their companies. The leader in socially creditworthy companies is the Fannie Mae Foundation. This company strives to help minorities in purchasing their first home. The Fannie Mae Foundation purchases mortgages from lenders and accordingly repackages them for sale as securities. This has enabled them to keep mortgage rates low, and help the commonly overlooked homebuyers, become homebuyers. Also, most uniquely, they help those of the Muslim faith, who follow the Islamic law which bans paying or collecting interest on debt. By setting up monthly payment plans based on s hoes price, the Muslims are enabled to become homeowners and still keep law. The second company listed as a major contributor as a socially accountable corporation is Procter and Gamble. Procter and Gamble has excelled in helping minorities and women, as well as aiding the needy in foreign countries. For example, P&G donates to the underprivileged early days in Vietnam, as well as providing for the fight against childhood...