R
Rich_Olszewski
Guest
Very well put, and I agree wholeheartedly.Personally, I oppose corporate charitable funding in general. Is charitable funding a part of any corporation’s corporate charter? I doubt it. They have something that they do well–serve coffee, make electronics, make chicken sandwiches, make doughnuts, make cellphones, whatever. Investors buy shares in the company because they believe the company can be profitable doing the things it does best, not because it donates to outside organizations.
If the company has money to give away, it should be reinvested in the company, paid to employees, or paid to stockholders in the form of dividends. To quote Calvin Coolidge, “The business of business is business.”
Employees and stockholders can give to outside organizations. And if the company reinvests money in the business, more people get jobs. A win-win, instead of antagonizing part of your customers.