How does the CSR Philanthropic model morally and ethically work?
How does it work, that a person making a living out of philanthropy, can have a business model that insists upon operating a maximum returns for themselves and their shareholders policy, regardless of whether or not the impact has adverse effects on the country they were purportedly donating to?
Why is this CSR strategy that would appear to make a mockery of even nursery school childrens strategies for getting maximum returns on the toys they lent out for two seconds, accepted by the general public?
"The foundation trust invests undistributed assets, with the exclusive goal of maximizing the return on investment. As a result, its investments include companies that have been criticized for worsening poverty in the same developing countries where the foundation is attempting to relieve poverty. These include companies that pollute heavily and pharmaceutical companies that do not sell into the developing world. In response to press criticism, the foundation announced in 2007 a review of its investments to assess social responsibility. It subsequently canceled the review and stood by its policy of investing for maximum return, while using voting rights to influence company practices."
Is it not about time that some of our corporate tycoons got a good old fashioned clip around the ear from their parents and told that these highly deviant strategies are not clever
What deviant nursery school childs mind ever came up with the idea of making huge money out of the philanthropic industry?
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