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Goldman's Endangered "Social License"

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NOT TO WORRY, "SOCIAL CALENDAR" REMAINS INTACT
"Social license describes how a company plays with others and how it responds to problems. If a company has social license, it behaves in such a way that other businesses and institutions want to do business with it, and governments are more likely to give it permission to operate," Daniel Gross tells us at Slate. "Goldman CEO Lloyd Blankfein and his colleagues don't seem to get this question of social license. Courts of law may ultimately vindicate the firm, but it could be irreparably damaged by evidence and public outrage anyway."
SOURCE:   Slate

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