Shareholders' group opposes tsunami donations

[pedro san pedro]

Check out this disturbing ABC story on corporate philanthropy and the tsunami:

The Australian Shareholders Association has expressed disapproval at companies pledging money to the tsunami relief effort in Asia, saying they have no approval for their philanthropy.

Association spokesman Stephen Matthews says firms should not generally give without expecting something in return.

Mr Matthews says that in most circumstances, donations should only be made in situations that are likely to benefit the company through greater market exposure.

He says corporate donations of any kind should not be made without the prior approval of shareholders.

"Boards of directors don't have a mandate from their shareholders to spend the money in that way," Mr Matthews said.

"They have no way of possibly knowing whether or not their shareholders
want their money, the shareholders' money, spent in this way.

"It's an attempt to shift the cost to a particular sector of the community, that is the shareholders."

Mr Matthews says an exception would be those companies which could benefit from making donations.

"There is a role for business to make a contribution in relation to the tsunami, particularly those businesses who have activities up in south Asia and companies like Bluescope Steel come to mind," he said.

"Where their businesses are dependent on those sorts of markets, there could possibly be a benefit for shareholders in them making donations to relief."

[Hate Is Art]

Have you got a linkie?

That is the disgusting face of modern capitilism.

[Professor Moneybags]

Well, considering that one of the coutries hit was Indonesia, who's citizens up until now were bombing Australians and demanding the destruction of everything western, you can hardly blame them. It's a safe bet that when all of this has blown over, they'll go back to doing it all over again.

[Maynard]

This is not unusual that he would say that, it is just the nature of the profit motive. I doubt he has much to worry about though, companies would not do this, unless they get some sort of exposure or good PR out of it.


Well, considering that one of the coutries hit was Indonesia, who's citizens up until now were bombing Australians and demanding the destruction of everything western, you can hardly blame them. It's a safe bet that when all of this has blown over, they'll go back to doing it all over again.
Because all Indonesians are Islamic Fundamentalists, right? 240 million Islamic Fundamentalists swarming around. That is the equivalent of saying all people from the United States are Timothy McVeigh's. Collective blaming a whole nation for the actions of a few is an elementary mistake. Even, if it were true, I don't see how not offering assistance would help that problem, it would make it worse. Because a hotbed of Islamic fundamentalism is Madrasses set up in refugee camps and with so many people displaced, you can bet they will spring up again.

[Latifa]

Moneyhag, I think you have grown staid and boring. Go play a game! (http://www.newgrounds.com/portal/view/212261)

[Professor Moneybags]

This is not unusual that he would say that, it is just the nature of the profit motive.

Yes, not wanting to be blown up by religious fanatics is part of the profit motive. It's difficult to make a profit if you're dead.


Collective blaming a whole nation for the actions of a few is an elementary mistake.

Pity collectivism is the ethical basis of your philosophy, isn't it ?

[October Revolution]

Originally posted by Professor [email protected] 11 2005, 05:00 PM
Well, considering that one of the coutries hit was Indonesia, who's citizens up until now were bombing Australians and demanding the destruction of everything western, you can hardly blame them. It's a safe bet that when all of this has blown over, they'll go back to doing it all over again.
Even though if Australia was hit by the tsunami they would be expecting people of all nations even Indonesia to give them aid. It is just plain evil to not help another who has had their whole life destroyed(I am not religious and especially not a christian), for most of these share holders they could probaly make the money back in a short period of time, no skin of their nose.

[synthesis]

Originally posted by Professor [email protected] 12 2005, 08:59 AM

Pity collectivism is the ethical basis of your philosophy, isn't it ?
Wow, way to evade the fucking point, you racist.

[Commie Rat]

im australian i and every one i know has given i though we we're generouse poeple [ over 20 million dollars+ blankets, food, medicine my home city cancelled there fireworks on newyears eve and donated the money [ 30, 000 dollars] and the australian goverment dontated troops support and over a billion dollars] it sad that some cretins can sully them goodwill of many otheres

[Professor Moneybags]

Wow, way to evade the fucking point, you racist.

- No evasion was made.

- There is no race called Islam.

[synthesis]

No evasion was made.

LOL, as if equating the placing of blame on a nation of hundreds of millions for terrorist attacks involving a few radicals with some vague, abstract pejorative of "collectivism" can be considered anything other than total evasion and the same "moral relativism" that you are so quick to unsheath at the first opportunity. :rolleyes:


There is no race called Islam.

Sure, but there is a race called Indonesian, which is what you were attacking, Herr Moneybags.

[Professor Moneybags]

LOL, as if equating the placing of blame on a nation of hundreds of millions for terrorist attacks involving a few radicals with some vague, abstract pejorative of "collectivism" can be considered anything other than total evasion and the same "moral relativism" that you are so quick to unsheath at the first opportunity. :rolleyes:

How is that "moral relativism" ?


Sure, but there is a race called Indonesian, which is what you were attacking, Herr Moneybags.

Trying to play the race card ? Nice try, but that's getting old and somewhat unconvincing; I'm not attacking Indonesians qua Indonesians, I'm attacking militant muslims who live there and are more than likely to get their hands on the aid money.

It's got FA to do with racism, just like bombing Germans during WW2 had FA to do with racism.

[Hampton]

Originally posted by Digital [email protected] 11 2005, 03:07 AM
Have you got a linkie?

That is the disgusting face of modern capitilism.
http://www.abc.net.au/news/newsitems/200501/s1278005.htm

[Non-Sectarian Bastard!]

Originally posted by Professor [email protected] 11 2005, 06:00 PM
Well, considering that one of the coutries hit was Indonesia, who's citizens up until now were bombing Australians and demanding the destruction of everything western, you can hardly blame them. It's a safe bet that when all of this has blown over, they'll go back to doing it all over again.
Don't we love generalising?

Did you notice too that all Mexicans are lazy and all Arabs bomthrowers?

[synthesis]

Trying to play the race card ? Nice try, but that's getting old and somewhat unconvincing; I'm not attacking Indonesians qua Indonesians, I'm attacking militant muslims who live there and are more than likely to get their hands on the aid money.

Ridiculous. You were attempting to justify the proposed withdrawal of aid to benefit the common Indonesian - by the way, much of this aid is given with a stipulation to "open up the economy", much like IMF/World Bank loans - because of a fanatical minority.

The aid is in no way going to the Muslim extremists, in fact much of the aid is going to privately owned businesses to "rebuild" the areas hit by the tsunami.

[Taiga]

Originally posted by pedro san [email protected] 10 2005, 10:35 PM
Association spokesman Stephen Matthews says firms should not generally give without expecting something in return.

Mr Matthews says that in most circumstances, donations should only be made in situations that are likely to benefit the company through greater market exposure.

I clench my fists when I hear that.
There is no excuse for such people......... :angry:

[bolshevik butcher]

What do you expect from capitalism.

[bolshevik butcher]

Originally posted by Professor [email protected] 11 2005, 05:00 PM
Well, considering that one of the coutries hit was Indonesia, who's citizens up until now were bombing Australians and demanding the destruction of everything western, you can hardly blame them. It's a safe bet that when all of this has blown over, they'll go back to doing it all over again.
Yeah sure................. it makes perfect sense not to help people. Why not leave them alone, let their anger and rage boil over,a dn then wait for them to attack us? And who could blame them?

[Professor Moneybags]

Originally posted by Clenched [email protected] 26 2005, 07:09 PM
Yeah sure................. it makes perfect sense not to help people. Why not leave them alone, let their anger and rage boil over,a dn then wait for them to attack us? And who could blame them?
I would, because if they do attack us (for the audacity of not handing over money at their command), then they're scum.

[Edward Norton]

I would, because if they do attack us (for the audacity of not handing over money at their command), then they're scum.


The same can be said of the Americans who have bombed many nations, many of which have never even attacked the US!

And yes you do, P. moneybags, sterotype all Indonesians as 'terrorists', in your many post you have shown that if people that happen to be non white you don't give a shit about them if they die, whether through war or nautral disasters like this one.

Besides if you had been watching the news you ignorant piece of shit, you would have seen that MANY other nations were hit besides Indonesia, what excuse have you got for those greedy/callous shareholders for them denying much needed aid to the Thais, Sri Lankans, Indians etc????

Yet all you right wing shits will make a huge song and dance over 9/11, despite the fact that 9/11 had 3000 dead and Asia has had 300,000 dead. But of course it was all so different wasn't it, American lives are so much more important than anything else, thats the twisted way you people see things and then complain about the rest of the world hating everything America.

The fact that you believe the whole world should come to a stop and change everything because of 9/11 but just ignore the Asian disaster, despite the fact that 9/11 doesn't even compare to the earthquake show your hatred of anyone non american.