The Apple employees are very generous. To bad their employer isn't. It's pathetic for a company of this size, no ifs, ands or buts about it.
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Apple and Employees Give $2.6 Million to Charity Through Donation Matching Program
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What's up with all the Steve Jobs hate here? The story is about Apple's charitable donations, not about who put them in place and why.
I can think of 80 billion reasons they should be doing more. The people who need charity aren't buying Apple products. They are starving to death or dying of diseases that should have been eradicated by now.
If you feel so strongly about it, get off the internet and go "do something about it."
Since when is it a corporations "duty" to give money away?
to be fair - you have no idea what he does or doesn't do with his money, time or occupation.
uh....
Um... it isn't anybody's duty to give to charity. People give to charity out of generosity and human compassion. Why should it be different for one of the worlds largest companies? Last time i looked, apple still employed human beings and the most certainly have the cash to give a little.
Um... it isn't anybody's duty to give to charity. People give to charity out of generosity and human compassion. Why should it be different for one of the worlds largest companies? Last time i looked, apple still employed human beings and the most certainly have the cash to give a little.
When a company literally has tens of billions of dollars of cash and cash equivalents available they can be pretty damn generous without risking their expansion plan.
Big Apple fan but their philanthropy is a joke.
Personally I applaud Tim for instating this program. It's a good beginning and hopefully more will be done as time goes on. I hope that Tim humanizes the company a bit as time goes on.
It's dry powder for future investment. Do you know how private companies generally work?
LMAO! That's a great reason to be tight fisted.
So sad, but so true. Pathetic.
Either is Apple. The $80 billion isn't sitting in a vault somewhere cut off from the world. It's invested in real people and real companies that make a difference in the world. Money isn't what makes a difference unless it is invested in the right things.
It isn't the Free Market's job to give people handouts. It is government's job to look to the welfare of its citizens. It's a nice thing when corporate entities do it, but to criticize this sector for not doing it is ludicrous.
Throwing money at a problem now and then doesn't help. There is the question of sustainability, and that comes from long-time programs that are specific to culture, region, country, and need. Corporate charity falls far short of addressing these areas adequately and over the long-term.
Throwing money at a problem now and then doesn't help. There is the question of sustainability, and that comes from long-time programs that are specific to culture, region, country, and need. Corporate charity falls far short of addressing these areas adequately and over the long-term.
Why not suggest Apple become an NPO?
You are forgetting that this was money is from charitable contributions by employees from their own paychecks and voluntarily matched by Apple.
IMHO, philanthropy through volunteering or charitable contributions is basic human decency. As for how much one gives, that's a personal decision.
I'm a Big Apple fan, but it's a shame they don't send their employees to low-income areas to educate people. You know, because their employees are intelligent and make money, they SHOULD go help everyone that they can.
Of course, that's what a shareholder would want them to do, right? Shareholders want companies to give money away, and veer from the company vision...right?
Unfortunately for you, there are people called shareholders. They own the company. These people are less inclined for Apple to give away their money. They are in the business of investing, not charity. Part of the reason that Apple's stock is where it is is because of this cash on hand.
Apple hasn’t been known for “giving to charity” as such (though they’ve supported good causes in other ways) and I’m very glad that’s changing.
(We can’t level the criticism re Steve Jobs’ personal fortune: he may well have given millions, but he didn’t brag about it so we just don’t know.)
People who say Apple shouldn’t be FORCED to give away money are correct, but that’s beside the point. They should choose to. This is a good step.
(We can’t level the criticism re Steve Jobs’ personal fortune: he may well have given millions, but he didn’t brag about it so we just don’t know.)
People who say Apple shouldn’t be FORCED to give away money are correct, but that’s beside the point. They should choose to. This is a good step.
I hope the people complaining about Apple not giving enough of the shareholders' money away are contributing a big chunk of their own income.
I think it's good as a PR move for Apple, even though some people will never be happy until there's a 99% corporate income tax, which somehow magically doesn't affect incentives.
I think it's good as a PR move for Apple, even though some people will never be happy until there's a 99% corporate income tax, which somehow magically doesn't affect incentives.
Would not be surprised if he did not ok. As chairman he only has one vote on the board. Strong vote for still only one vote.
Given the fact that SJ removed the entire corporate philanthropy when he came back with a promise to bring it back when Apple was doing better. A promised he failed to EVER live up to while he was in power. The excuse of Apple not doing well was not valid for at least the past 7 years if not longer.
So yes I going to say Steve Jobs was the reason it had not happen before hand.
How much of YOUR income is donated to stopping malaria? How many years did YOU spend digging wells in Africa? It sure is nice to have the luxury of telling others what they should do with their money, isn't it?
That's stupid, giving shareholder money away is a board decision - not a CEO one. If Steve did not vote Yes for this the board would have to agree or resign. You don't go against your chairman.
All of this talk about Apple giving away money shows whom understand how, and whom doesn't, it is to give away money for a big company like Apple. It is not as easy as writing a check.
So what percentages of your income and cash on hand have you donated this year?