tag:blogger.com,1999:blog-38902647.post8296979414702441910..comments2024-03-26T05:19:42.852-04:00Comments on Professor Michael Roberto's Blog: Nestle Chairman on Corporate PhilanthropyMichael Robertohttp://www.blogger.com/profile/01658740999927721412noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-38902647.post-46868593161945004632010-05-10T10:26:17.564-04:002010-05-10T10:26:17.564-04:00There is no moral imperative for Nestle to engage ...There is no moral imperative for Nestle to engage in philanthropy. <br /><br />Consumers they engage in arm's length transactions with Nestle where they benefit mutually. Consumers are not doing Nestle any favors in buying its products (e.g. voluntarily paying Nestle more than the asking price), and neither do they have the right to expect favors in return. The transaction is a straightforward exchange of value.<br /><br />Another argument that is often propounded is that companies need to give back to the communities in which they operate. Well, they already do by providing products that people want to buy, paying taxes, employing local citizens, and contracting with local firms.<br /><br />Nonetheless, if Nestle were to start donating to charities, what if an individual shareholder did not believe in the particular charitable cause to which his money was given without his approval? How about giving to Planned Parenthood -- would all shareholders agree that it is a good idea? How about religious charities? What if Nestle decided to donate more to charities aligned to Republican causes than Democratic ones, or vice versa?<br /><br />Ultimately, as Brabeck states, Nestle's money is its shareholders' money. And the best thing Nestle can do is to give them as good a return as possible. the shareholders in turn, can decide how they wish to use that money for societal and charitable good.Jagadeesh Venugopalhttps://www.blogger.com/profile/02003110574960349394noreply@blogger.comtag:blogger.com,1999:blog-38902647.post-38847777248468765512010-05-09T02:19:54.933-04:002010-05-09T02:19:54.933-04:00Sick thinking. It is the consumer not the sharehol...Sick thinking. It is the consumer not the shareholders that make Nestle what it is. and therefor it is morally correct and socially responsible to give back to the community. and since large corporations have benefited most from the public and have the most ability to give, they should give. and give a lot more than individuals give. shame on Brabeck.mistermenuchahttps://www.blogger.com/profile/01697017755433918266noreply@blogger.comtag:blogger.com,1999:blog-38902647.post-46218955975097244792010-05-08T11:16:34.817-04:002010-05-08T11:16:34.817-04:00Cool Post! Very informative dude. I saw this site ...Cool Post! Very informative dude. I saw this site while browsing and think it may be relevant <a href="http://www.volunteerchallenge.com/" rel="nofollow">Volunteer Travel</a>. Keep up the good work!Unknownhttps://www.blogger.com/profile/16298748905766191039noreply@blogger.com