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Let's not fall for this corporate propaganda and delude ourselves into thinking that a profit seeking entity will somehow pay "social dividends" at the expense

Let's not fall for this corporate propaganda and delude ourselves into thinking that a profit seeking entity will somehow pay "social dividends" at the expense of profits. "Bosch has agreed to pay $327.5m to resolve allegations in the US that it played a significant role in Volkswagen’s diesel emissions scandal." https://en.wikipedia.org/wiki/Robert_Bosch_GmbH#Role_in_emission_cheating_software https://en.wikipedia.org/wiki/Robert_Bosch_GmbH#Role_in_emis... https://www.ft.com/content/964a2f72-e898-11e6-967b-c88452263daf https://www.ft.com/content/964a2f72-e898-11e6-967b-c88452263...

WanderPanda 7y ago
„Profit seeking entity“ is a far fetch considering Bosch is a foundation...
- perfunctory 7y ago
  Strictly speaking Bosch GmbH, though majority owned by Bosch Stiftung, is a separate entity.
Brakenshire 7y ago
They can easily do that in exchange for enhanced employee satisfaction and good public relations, with all the financial benefits those bring.
sonium 7y ago
Speaking of "propaganda" and then using the argument "they have admited guilt in the past, therefore any future action must be malevolent" is interesting...
- perfunctory 7y ago
  Just because green energy became as cheap as fossil and they can afford to switch without sacrificing profits doesn't mean they are taking "climate action". It's the same as if I claimed credit for "climate action" because I am paying energy tax. I am not saying this is malevolent. But it's at best neutral.
mikestew 7y ago
that a profit seeking entity will somehow pay "social dividends" at the expense of profits. Yes, but enough about those other greedy companies, what about Bosch? "...nearly all of the profits distributed to shareholders are devoted to humanitarian causes." [0] [0] https://en.wikipedia.org/wiki/Robert_Bosch_GmbH#Corporate_affairs https://en.wikipedia.org/wiki/Robert_Bosch_GmbH#Corporate_af...
- perfunctory 7y ago
  That's not to say that management is not incentivised to optimise for profit.
imtringued 7y ago
You know. They could also decide to just not do it and then everyone is worse off.

WanderPanda 7y ago

„Profit seeking entity“ is a far fetch considering Bosch is a foundation...

perfunctory 7y ago
Strictly speaking Bosch GmbH, though majority owned by Bosch Stiftung, is a separate entity.

Brakenshire 7y ago

They can easily do that in exchange for enhanced employee satisfaction and good public relations, with all the financial benefits those bring.

sonium 7y ago

Speaking of "propaganda" and then using the argument "they have admited guilt in the past, therefore any future action must be malevolent" is interesting...

perfunctory 7y ago
Just because green energy became as cheap as fossil and they can afford to switch without sacrificing profits doesn't mean they are taking "climate action". It's the same as if I claimed credit for "climate action" because I am paying energy tax. I am not saying this is malevolent. But it's at best neutral.

mikestew 7y ago

that a profit seeking entity will somehow pay "social dividends" at the expense of profits. Yes, but enough about those other greedy companies, what about Bosch? "...nearly all of the profits distributed to shareholders are devoted to humanitarian causes." [0] [0] https://en.wikipedia.org/wiki/Robert_Bosch_GmbH#Corporate_affairs https://en.wikipedia.org/wiki/Robert_Bosch_GmbH#Corporate_af...

perfunctory 7y ago
That's not to say that management is not incentivised to optimise for profit.

imtringued 7y ago

You know. They could also decide to just not do it and then everyone is worse off.