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But the problem of good and bad companies is not about how much they give to charity. I bet tobacco and arms companies give huge wads to charities but that does
by alexkearns 15y ago
But the problem of good and bad companies is not about how much they give to charity. I bet tobacco and arms companies give huge wads to charities but that does not make them good.
Good companies are companies whose work (their "cause" enacted by their "people") is socially beneficial. Such companies do not need to give 1% of their equity away to charities to be good - indeed to do so, would be to distract from their socially beneficial mission.
- rooshdi 15y agoSo, you support socially beneficial companies, yet object to companies diversifying their social contributions by a percentage or so? I'm sorry, but I just don't buy the argument that donating a percentage of equity from each founder would be distractive.
- alexkearns 15y agoIt would be 1% distracting.
- rooshdi 15y agoAlso, 1% diversified. If 99% of a company's social value isn't good, at least a percentage may be.