Not Just a Company, but a Neighbor: How GE’s Departure Impacts Nonprofits in Connecticut
Abstract
In the age of stakeholder capitalism, corporate social responsibility (CSR) is no longer a peripheral consideration, but a central element to a firm’s identity and its relationship with the communities it inhabits. The departure of General Electric (GE) from Fairfield, Connecticut offers a case study in how corporate relocations are not simply economic decisions, but ones which carry profound social consequences, particularly for the nonprofit ecosystem they leave behind.
Author
Robert C. Bird is Professor of Business Law and the Eversource Energy Chair in Business Ethics at the University of Connecticut. Robert’s scholarship focuses on employment law, compliance, sustainability, and business and human rights. Robert has authored over seventy publications, including works in the Journal of Law and Economics, American Business Law Journal, Law and Society Review, Sloan Management Review, Connecticut Law Review, and the Harvard Journal of Law and Public Policy.
Keywords
corporate social responsibility, case study, corporate relocations, social impact, nonprofit ecosystem