In Reference to an earlier thread.
o According to "Patterns of Corporate Philanthropy,"
published annually by the Capital Research Center, companies donate three times as much to liberal, pro- government organizations as to conservative, pro-market public affairs groups.
o ............., Boeing is eliminating 48,000 jobs this year
and chalked up a $178 million loss last year -- yet it gave away $51.3 million in 1997.
One conclusion I draw from this is that liberals are really good at begging. And possibly....
"Some analysts wise to the ways of corporate philanthropy contend that what's good for a corporate chief who seeks plaudits for social responsibility isn't necessarily good for his shareholders."
Sources: Marriane Jennings (Arizona State University) and Craig Cantoni (Capstone Consulting Group), "An Uncharitable Look at Corporate Philanthropy," Wall Street Journal, December 22. 1998.
Oddly enough I would think that the corporate officers should have the best interests of the corporation in mind. to spend corporate monies in such a way as to impede the business is contraproductive? Perhaps even suicidal?
o PNC Bank gave $97,000 to ACORN -- an activist group that
lobbies for higher taxes and stricter enforcement of banking regulations.