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Do you feel the same about the Gates Foundation or executive managers who donate to Doctors Without Borders? To me both are admirable ways of treating private w
by e1g 10y ago
Do you feel the same about the Gates Foundation or executive managers who donate to Doctors Without Borders? To me both are admirable ways of treating private wealth, while splitting money with employees, investors, family etc is the step that happens before you end up with the private sum.
- _andromeda_ 10y agoThis is a classic case of expropriation from producers (employees and a corporation's stakeholders) to give to non-producers. What sort of incentive structure is being proposed here? This is bad bad bad.
- deleted 10y ago[deleted]
- _andromeda_ 10y agoIf anything, Gates, Altman and the likes remind me of James Taggart from Rand's novel. A corporation has no duty to anyone other than employees, customers, shareholders and immediate stakeholders. It is hard enough to do right by that group of people and all forms of charity should be voluntary. What I'm getting from this is that will become some form of defacto obligation and this must be resisted lest we end up with a dystopian world while in pursuit of 'eutopia'.
- kobeya 10y agoNo, there's a clear difference. One is precommitted to up-front, the other is how someone responds to an unexpected or unlikely outcome.