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If a publicly owned company started to contribute too much money to charity, they would certainly be subject to shareholder lawsuits and a proxy war over manage
by triangleman 9y ago
If a publicly owned company started to contribute too much money to charity, they would certainly be subject to shareholder lawsuits and a proxy war over management.
Sick pay is easier to do because it's related to retaining good employees.
But generally, as Milton Friedman famously wrote, "the social responsibility of corporations is to increase their profits".
- shaki-dora 9y ago"Apple donates $5 million to hurricane relief, makes it easier for customers to donate": http://money.cnn.com/2017/09/08/technology/apple-donation-hurricane-harvey-irma/index.html http://money.cnn.com/2017/09/08/technology/apple-donation-hu... (just search for [<company> donates], and you'll find examples of charitable donations for every single Fortune 500 company)