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This article should be called “how to lie with statistics.” Of course Exxon Mobil, Goldman Sachs, Chevron, Walmart, and Wells Fargo gave the most money to charities in terms of dollars and cents, as they have some of the biggest total sales and profits of all corporations. But for a fair assessment of generosity, one should look at the percentage of profits donated to charity, not just the gross amount. For the five companies listed above, that percentage of pre-tax profit donated is Exxon Mobil (0.3%), Goldman Sachs (3.9%), Chevron (0.6%), Walmart (4.5%), and Wells Fargo (1.3%). So an average employee at Walmart making about $20,000, who gives more than $900 to church and other charities is more generous than his company. If he gives more than $60, or $780, or $120, or $260 he is also more generous than Exxon Mobil, Goldman Sachs, Chevron, and Wells Fargo, respectively. Many Americans in lower economic standings are more generous than these companies, so give yourself a pat on the back. Target claims to donate at least 5% of their profits to schools and other charities, so that surpasses all these companies in real terms. However, one of the most generous companies today is a relatively new company, Chobani yogurt, which donates 10% of its profits to charities worldwide. So go to Target and buy some Chobani yogurt and help out a lot of charities.
This is great but I, like others, was hoping to hear about being generous to employees. Also some of these companies have good intent and that may be their main driving force but for others I know its more about the write off they can get instead. Just making sure that is clear.
I think its time
ENERGY STIMULUS MONEY! WHERE IS NBC? NOTHING BUT COMMUNIST NETWORK? WHERE
IS WHOLEFOODS? WHERE IS GOOGLE? WHERE IS HOLLYWEIRD? WHERE ARE ALL THE BIG
MOUTH HYPOCRITE LEFT WING PROGRESSIVE COMPANIES AND GROUPS WHO SUPPORT
OBAMA'S BIG GOVT WELFARE NANNY STATE PROGRESSIVE AGENDA???? WHERE???? IT'S
FUNNY YOU LIBERALS REMARKING THIS IS JUST TAX BREAKS AND PUBLICITY BUT IF IT WAS
GE OR GMC OR GOOGLE OR ??? YOU'D BE SAYING HOW GREAT THEY ARE! HYPOCRITES!
|2011 Contributions By Source of Contribution|
It all about image. I have a past family member who will give money to charity to boost his professional image with hopes of increasing his income and still would let his mother sleep in her car? This would be my past step son who lives in Omaha NE. A so called good Christian man.
Everyone knows how to get money out of a nonprofit charity. Payroll. The execs must have all their relatives working at the charities drawing big salaries.
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[BRIEFING.COM] The stock market ended the holiday-shortened week on a mixed note as the Dow Jones Industrial Average shed 0.1%, while the S&P 500 added 0.1% with seven sectors posting gains.
Equity indices faced an uphill climb from the opening bell after disappointing quarterly results from Google (GOOG 536.10, -20.44) and IBM (IBM 190.04, -6.36) weighed on the early sentiment. Google reported earnings $0.15 below the Capital IQ consensus estimate on revenue of $15.42 ... More
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