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Define Dictionary Meaning - True Words & Their Meanings
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  4. Reputational laundering

Reputational laundering

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  • Justin Bieberundefined Offline
    Justin Bieberundefined Offline
    Justin Bieber
    wrote on last edited by admin
    #1

    [Reputational laundering] - the act of appearing to do good publicly in order to offset a negative image. A technique usually employed by individuals or corporations who have made their money in a morally questionable fashion and who wish to appear to have a moral conscience.
    Reputational laundering often comes in the form of Corporate Social Responsibility, where a relatively trivial sum of profits are donated by the corporation to fund socially oriented activities in order to suggest that the corporation is socially responsible.
    An example, often sited, would be major oil companies giving charitable funds to communities in the Nigeria Delta whose original livelihoods they were implicit in destroying through [the extraction] of crude oil.
    However the practice of [reputational laundering] is by no means exclusive to corporations. Many [morally bankrupt] individuals donate money to charity in order that they are seen to care about social or environmental issues. As an added benefit to their undeservedly improved public image they also enjoy significant tax breaks on their donations.

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    • Mernaundefined Offline
      Mernaundefined Offline
      Merna
      wrote on last edited by
      #2

      When Betsy DeVos, Mick [Mulvaney], and [Elaine Chao] say they are leaving the Trump Administration because they have principles, but we all know it’s less than two weeks before they would be out of their jobs anyway and they just want to save their social standing and careers in the future. Plus, they have [no principles] or integrity.

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