Right Is Might: Social Justice and Corporate Profits
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Right Is Might SOCIAL JUSTICE AND CORPORATE PROFITS
Promod Sharma | FSA, FCIA Insurance Actuary | @riscario
May 31, 2014
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84% Business
Self-interest
… … doing good work for society
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Right = $$$
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The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin
verifiable truths
displays of proof
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The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin
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The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin
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Right = ?
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Doing What’s Right
PAST: demonstrations
FUTURE: appearances
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Blaise Pascal (1623–1662)
Pascal’s Wager
probability theory
decision theory
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Do Right And
Matters
Do Right But Doesn’t
Matter
Do Wrong And
Matters
Do Wrong But Doesn’t
Matter $
Bank
-rupt
$ $$$
$$$
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Do Right But Doesn’t
Matter
insurance
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Do Right And
Matters
insurance
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Do Wrong But Doesn’t
Matter
Do Wrong And
Matters
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Do Right And
Matters
Do Right But Doesn’t
Matter
Do Wrong And
Matters
Do Wrong But Doesn’t
Matter
$ $$$
$$$
insurance insurance
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206,650
Gatorade: Don’t put flame
retardant chemicals in sports
drinks!
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1,129
+ 2,515 Rana Plaza, Bangladesh
April 24, 2013
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“… none of the
companies
involved are suppliers
to Benetton Group or
any of its brands” (@benetton,
Apr 24, 2013)
DENIAL
attendance
sheet
label
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REACTIVE
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$17M
$40M Compensation Fund
REACTIVE
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LEAD
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Pretend you can read this
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“putting social values first.”
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11,536
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Project Ara
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59,374
Powerade: If Gatorade can
take crazy chemical BVO out
of sports drinks, so can you
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The Most Credible Spokespeople
Edelman Trust Barometer 2014 – Executive Summary
Most trusted sources
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Do Right And
Matters
Do Right But Doesn’t
Matter
Do Wrong And
Matters
Do Wrong But Doesn’t
Matter
$ $$$
$$$
insurance insurance
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Promod Sharma | @riscario