I have to disagree Eric.
Corporations are giving away resources that do not belong to them! In
other contexts, this would be called "theft". Publicly traded companies
have a responsibility to maximize the wealth of their stockholders (while
remaining within the rules of the game). It is irresponsible and a
violation of their fiduciary responsibility to stockholders to give away
their wealth--receiving nothing in return that would result in an
subsequent increase-- without the permission of the stockholder. If
stockholders desire to donate, they can do so from their own wealth or the
wealth that the company has accumulated for them through the price of their
stock. The insight that Robert Bork has made about government-provided
assistance also applies to corporate: "[It}....deprives the donor of
charity and the recipient of gratitude." (Slouching Toward Gomorrah, R.
Bork) .
Lee
> Capitalisim 101:
>
> Donating is PR and for corporations is deductable as such.
> The shareholders should see a return via increased profits.
> If not, they're free to vote out the current board members and vote
> in new ones.
>
> As a Harley shareholder I'm glad to see HD donating.
> The good PR means more sales which means my stock goes up.
>
> BTW, nothing prevents private citizens from donating.
>
> Eric
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