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...Rodgers' views. But a large and rapidly growing number are neck deep in CSR initiatives, spending billions, tackling everything from AIDS in Africa to deforestation in Brazil. If anyone doubted that CSR has finally come of age in the U.S., they were probably set straight in October when Wal-Mart, the world's leading corporate bad guy in the eyes of a staggering range of social activists, claimed it had caught the bug. The $288 billion behemoth announced it would slash solid waste and greenhouse-gas emissions, invest $500 million a year in energy efficiency and offer better medical benefits...

Author: /time Magazine | Title: Getting Smart at Being Good...Are Companies Better Off for It? | 12/12/2005 | See Source »

...jury may be out on Wal-Mart's motives, but the apparent conversion of such a bare-knuckled competitor raises a question: Could CSR be smart business? Are critics like Rodgers missing something? Rodgers has contributed significantly to the debate over the past decade, most recently when he was invited, with Nobel laureate Milton Friedman, to debate CSR with Whole Foods Market CEO John Mackey in the October issue of Reason magazine. Rodgers assailed the CSR-imbued philosophy that guides Whole Foods, calling it similar to those of Karl Marx and Ralph Nader. Mackey, an avowed libertarian, replied that...

Author: /time Magazine | Title: Getting Smart at Being Good...Are Companies Better Off for It? | 12/12/2005 | See Source »

Getting blacklisted isn't hard. At Wal-Mart, which once had a lax return policy, just three round trips in 45 days without receipts triggers an alert. If you get flagged, you'll need a manager's approval to complete your purchase; then it will be six months before you can return an item as usual. Barnes & Noble and Home Depot have their own proprietary tagging systems...

Author: /time Magazine | Title: Money: There's No Going Back | 12/4/2005 | See Source »

...discounting is bringing shoppers out in force--literally. When a Wal-Mart in Cedar Hill, Texas, opened at 5 a.m. the day after Thanksgiving, known as Black Friday, Brittany Price, 19, was nearly trampled as she angled for a $68 DVD player. "I had to climb a display and hang on," she says. "It was funny watching people get so worked up over spending money. How often do you see that?" More and more often, it turns...

Author: /time Magazine | Title: The Mind Of A Shopper | 12/4/2005 | See Source »

...million people. Taps ran dry in Harbin on Tuesday with virtually no advance warning and no indication of how long the shutoff will persist. Panicked residents responded to conflicting government statements with a furious buying spree during which all potable liquid at the city's flagship Wal-Mart sold out in hours. By Tuesday afternoon, homes, hospitals and schools had no running water, and few options...

Author: /time Magazine | Title: China Explosion Leaves Millions Without Water | 11/22/2005 | See Source »

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