CSR in the Cross-Hairs

A broad counter-attack against corporate reform is growing.
(Could that be a sign of progress?)
By Tracey Rembert

The Terminator is back, with machine gun blazing and this time the perceived foe is the movement for corporate reform. Recent months have seen a fierce and growing counter-attack against corporate social responsibility (CSR) and ethics reform, and Arnold Schwarzenegger is playing a leading part as governor of California. In its customary role as bellwether for the nation, California has become the stage where the rising backlash is playing out emblematically. The stars in this dramatic fight: Schwarzenegger, squaring off against corporate reform leader Phil Angelides, the California state treasurer who for years has used $300 billion in state pension funds to launch salvos demanding governance and ethical reforms from corporations.

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