FAST Talk

Several executives discuss business's responsibilities to the rest of the world and how companies act on those responsibilities. The Global Conpact's Georg Kell says when companies invest abroad, they are obliged to check for human-rights abuses, corruption, and environmental impact. They can insist on transparency measures before investing in a corrupt environment. The Albright Group's Madeleine Albright say that in today's climate, American companies have to develop their own foreign policy. They have to develop relationships with local and national leaders and work with nongovernmental organizations and governments. Sun Microsystems' Bill Joy says if we can apportion true societal costs to things we want and don't want and then apply those costs through financial feedback as opposed to regulation, we all might win.