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View Diary: It Is Time for Liberals to Stop Giving Apple a Pass (194 comments)

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  •  Its just business (0+ / 0-)

    This gets brought up at most shareholder meetings.  With Jobs it always came back to what Apple existed for - business.  If individual employees want to give there is nothing to stop them.  If individual shareholders want to give there is nothing to stop them.  But Apple was not going to make decisions with YOUR (Shareholder) money that did not relate to the BUSINESS of Apple.

    It is well that war is so terrible -- lest we should grow too fond of it. Robert E. Lee

    by ksuwildkat on Mon Oct 28, 2013 at 12:15:27 PM PDT

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    •  Smart businesses know... (0+ / 0-)

      ... that participating in philanthropy is good for their bottom line (increased cutomer loyalty) and good for the communities they have locations in. If it's "just business" then corporations in the U.S. in 2012 gave $18.15 billion for the fun of it?

      •  Its "A Way" (1+ / 0-)
        Recommended by:
        Wee Mama

        So in the case of a business that gives to charity X the business chooses who gets the money and they get the tax benefit of giving the money and they get the "credit" for giving the money.  

        Apple goes a different way - they give you (employee or shareholder) the money and you choose where it goes and you get the tax benefit and you get the credit.  

        Given the ubiquity of scandal with charities over the years, Apple has avoided a LOT of bad PR by going this route.  Think about all the people who gave money to Penn State or worse Second Mile.  They didnt INTEND to support children being abused but that is what happened.  Or Komen Foundation.  Seemed like a pretty good cause until recently.  

        I dont fault companies that decided to have corporate giving but I also agree with the way Apple does things.

        It is well that war is so terrible -- lest we should grow too fond of it. Robert E. Lee

        by ksuwildkat on Mon Oct 28, 2013 at 12:35:54 PM PDT

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        •  Couldn't disagree more. (0+ / 0-)

          If corporations continue to hold so much power over our government they better be doing something good with their profits. This isn't new or special, it is called Corporate Social Responsibility (CSR). They do it because in study after study it is shown that customers will buy your product over another one if they know one company is more supportive of their communities then the other.

          And don't beleive for a second that Apple is giving the employee more because they don't make charitable contributions. That is the lamest excuse I have ever heard.

          •  I would rather they were neutral (0+ / 0-)

            as I pointed out, sometimes those donations dont do what you originally intend.  Boys Scouts is a GREAT organization but they have a pretty critical flaw when in comes to inclusiveness.  The United Way does some wonderful things but their executives are a giant black eye.

            So the math here is simple - Profit is income minus expense.  CSR is an expense.  That money would either a) go to employees b) get reinvested in the business or c) return to shareholders.

            I have heard a lot of bad things about Apple but low pay is not one of them.  

            It is well that war is so terrible -- lest we should grow too fond of it. Robert E. Lee

            by ksuwildkat on Mon Oct 28, 2013 at 01:35:12 PM PDT

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