4 ms·
I think you missed reading the linked to article. According to the article, IKEA is actually legally incorporated as a charity, though it's only "charitable" pu
by lambda 12y ago
I think you missed reading the linked to article. According to the article, IKEA is actually legally incorporated as a charity, though it's only "charitable" purpose is "innovation in the field of architectural and interior design," and the charitable foundation appears to only be a shell built to avoid taxes and funnel money to the founder (in order to maintain the facade, it donates minute amounts to the Lund Institute of Technology).
So IKEA, despite being from all outward appearances a privately held for-profit enterprise, it technically categorized as a charity, and despite all of this pays many of its employees below a living wage, though has now promised to start paying them a living wage, at least according to this calculator.
- sliverstorm 12y agoOh, I read the article. I object specifically to the idea of my parent, that -being a charity- implies they should be giving their employees more. As if charities were in the business of being generous.