From: EvMick@aol.com
Date: Tue Dec 22 1998 - 10:38:22 MST
In Reference to an earlier thread.
o According to "Patterns of Corporate Philanthropy,"
published annually by the Capital Research Center,
companies donate three times as much to liberal, pro-
government organizations as to conservative, pro-market
public affairs groups.
and oddly.
o ............., Boeing is eliminating 48,000 jobs this year
and chalked up a $178 million loss last year -- yet it
gave away $51.3 million in 1997.
One conclusion I draw from this is that liberals are really good at begging.
And possibly....
"Some analysts wise to the ways of corporate philanthropy contend
that what's good for a corporate chief who seeks plaudits for
social responsibility isn't necessarily good for his
shareholders."
Sources: Marriane Jennings (Arizona State University) and Craig
Cantoni (Capstone Consulting Group), "An Uncharitable Look at
Corporate Philanthropy," Wall Street Journal, December 22. 1998.
Oddly enough I would think that the corporate officers should have the best
interests of the corporation in mind. to spend corporate monies in such a way
as to impede the business is contraproductive? Perhaps even suicidal?
o PNC Bank gave $97,000 to ACORN -- an activist group that
lobbies for higher taxes and stricter enforcement of
banking regulations.
Crazy...
EvMick
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