Socially Responsible Corporations Essay -- essays research papers

Socially Responsible CorporationsSocially Responsible Companies are those that put the open interest as a priority in everything they do. These companies range anywhere from the food industry (Ben and Jerrys) to communications (Motorola). These companies are noted as philanthropists, and are the ahead(p) companies in their markets. They also, most of the time, have very loyal employees who love working at their companies. The leader in socially responsible companies is the Fannie Mae Foundation. This company strives to serve well minorities in purchasing their first home. The Fannie Mae Foundation purchases mortgages from lenders and then repackages them for sale as securities. This has enabled them to keep mortgage rates low, and help the normally 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 found on property pri ce, the Muslims are enabled to become homeowners and still keep law. The second company listed as a major contributor as a socially responsible 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 offspring in Vietnam, as well as providing for the fight against childhood...