File:Bell telephone magazine (1922) (14733450656).jpg

Identifier: belltelephone6667mag00amerrich (find matches)
Title: Bell telephone magazine
Year: 1922 (1920s)
Authors: American Telephone and Telegraph Company American Telephone and Telegraph Company. Information Dept
Subjects: Telephone
Publisher: (New York, American Telephone and Telegraph Co., etc.)
Contributing Library: Prelinger Library
Digitizing Sponsor: Internet Archive

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owa and one of the speakers at the symposium, observed that businessmen today are torn between two obligations: one to society as a whole and the other to the concept of free enterprise. Most businessmen, he said, are quite rightly . . . deeply conscious of limitations on their power to choose policies which deviate very far from their profitmaking interests. They feel, and they are, hemmed in by competition, by labor unions, by government control, and by the need to protect their sources of capital. Their room for maneuver is severely limited. And yet despite these limitations, the speakers at Chicago pointed out, more and more companies are finding that opportunities are open to them, that a balance between social and economic obligations can be reached. As a result, many businesses are breaking away from the traditional, somewhat passive, concept of social responsibility that once prevailed. Gone are the days when social responsibility stopped at contributing to the Community Chest — 11
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The economic contribution a person makes is influenced by the home he was raised in, the schools he attended, the food he ate— or didn't eat. Moreover, our economic institutions must bear a portion of the guilt we all share for the continuation of discrimination in its various forms . . . Gardner Ackley, chairman. Council of Economic Advisors. worthy though that may be. Social responsibility in that sense, said Harvards Emmanuel G. Mesthene, is what the original Rockefeller was dispensing in the form of shiny new dimes. Todays businessman has come to recognize that his responsibility to society is much greater — and not just from a humanitarian standpoint. Everything tha taffects the life of a community, affects the companies that do business there. Mr. Cook said. If the community prospers, the companies are in a position to prosper, too. If the community is gripped by social unrest, this unrest will seep into the local businesses and take its toll. In a way — as one of the speakers at Chi

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