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From another thread about this program:



Now the reality: A program like this is not about charity at all. It is about making a company a better place to work at and making the employees feel good about the company, by showing the employees that the company is behind them when they are doing something good. The fact that money goes to good causes is just a welcome side effect.

Employees can give, no one is stopping them. But as a Share Holder not my cup of tea unless it gives good PR then maybe I can see merit in it after all its really a paltry amount.
 
Yep. I'm sure you've never changed your mind after a decade. But, again, the important thing is why if you are going to judge to morality of the decision.

(And we'll ignore the fact that it did come back, so the promise was actually kept.)

Minus the fact it was a promised that he would bring it back when apple was doing better. Apple has been doing great for at least the past 5 years.
Safe to assume he never planned on keeping the promise.
 
Yes, because every profitable company should automatically give their capital away instead of using it to better themselves.

Sorry, this isnt Apple circa 1999. I dont need to preach their success, and its disgusting that companies far less financially successful are doing so much more.
On your point of using capital to "better themselves", I'd agree IF Apple had industry leading warrrenties (which they dont), industry leading QA (which they dont), and cutting edge hardware implementation (which is a mixed bag at best...also, their BTO pricing methodology is a slap in the face).

No one can argue Apple's huge success and appeal...but thats a reason for incredible giving, not the oppostite. Cheers mate. :apple:


PS: Huge Kudos to Apple Employee contributions, these are real life folks giving out of their own pockets. Right on and thank you
 
Good for Apple. It's a start.

And quite frankly, if we are going to just devolve into admonishing Apple's lack of charitable history, I can name at least two dozen companies that should be first on the list of flaggelation.
And that's just the tip of the iceberg.
 
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.

Then give the $80 billion back to the shareholders. It's theirs.


It is easy for an outsider to tell other people what to do with their money.

Why do you think is it that companies have to give anything at all?

Because they are nice or have money?

Please read up on the purpose of a business.

It is not to help everybody out there. Many charity cases due to government failed policies.

Apple employs a ton of people. They pay taxes (what is legally necessary), FICA, Social security unemployment., plus, plus plus.......

So, on a percentage basis how much of your income do you donate and how often?

What a narrow minded viewpoint without knowing all the stuff they do that isn't in their shareholders report.

By your standards they might as well take that matching money back.

Jeez!

It's ok if you're not charitable. It's a joke that Apple isn't.


It is easy for an outsider to tell other people what to do with their money.

Why do you think is it that companies have to give anything at all?

Because they are nice or have money?

Please read up on the purpose of a business.

It is not to help everybody out there. Many charity cases due to government failed policies.

Apple employs a ton of people. They pay taxes (what is legally necessary), FICA, Social security unemployment., plus, plus plus.......

So, on a percentage basis how much of your income do you donate and how often?

What a narrow minded viewpoint without knowing all the stuff they do that isn't in their shareholders report.

By your standards they might as well take that matching money back.

Jeez!

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?

I donate a much higher percentage of my income than Apple does.;)
 
and its disgusting that companies far less financially successful are doing so much more.

Perhaps they should be focusing on their own business instead. A lot of these companies that are "far less financially successful" happen to specialize in waste, false starts, failed products, and asinine business decisions that are costing their employees jobs (RIM, HP, and more.)

I certainly hope that those who are making fools of themselves with lousy iPad competitors, for example, aren't throwing money away for charity. Consumers are being hoodwinked with the Playbooks, Slates, and Xooms of the market.

Now THAT is disgusting.

It's all about the product. It all comes down to that.
 
From another thread about this program:



Now the reality: A program like this is not about charity at all. It is about making a company a better place to work at and making the employees feel good about the company, by showing the employees that the company is behind them when they are doing something good. The fact that money goes to good causes is just a welcome side effect.

I'm going to whisper this to you so I don't embarrass you in front of everyone...I was being sarcastic. I'm glad the 39 people who gave that comment a thumbs-up got the joke.
 
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AppleScruff1 said:
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.

Then give the $80 billion back to the shareholders. It's theirs.


It is easy for an outsider to tell other people what to do with their money.

Why do you think is it that companies have to give anything at all?

Because they are nice or have money?

Please read up on the purpose of a business.

It is not to help everybody out there. Many charity cases due to government failed policies.

Apple employs a ton of people. They pay taxes (what is legally necessary), FICA, Social security unemployment., plus, plus plus.......

So, on a percentage basis how much of your income do you donate and how often?

What a narrow minded viewpoint without knowing all the stuff they do that isn't in their shareholders report.

By your standards they might as well take that matching money back.

Jeez!

It's ok if you're not charitable. It's a joke that Apple isn't.


It is easy for an outsider to tell other people what to do with their money.

Why do you think is it that companies have to give anything at all?

Because they are nice or have money?

Please read up on the purpose of a business.

It is not to help everybody out there. Many charity cases due to government failed policies.

Apple employs a ton of people. They pay taxes (what is legally necessary), FICA, Social security unemployment., plus, plus plus.......

So, on a percentage basis how much of your income do you donate and how often?

What a narrow minded viewpoint without knowing all the stuff they do that isn't in their shareholders report.

By your standards they might as well take that matching money back.

Jeez!

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?

I donate a much higher percentage of my income than Apple does.;)

I think that the shareholders that matter don't agree with you
 
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.

That's a bunch of BS. When I worked at intel they donated to charities, cities and towns, communities and the contributed to schools and community programs by donating up to $10 fr every hour that intel employees volunteered.
 
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bruinsrme said:
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.

That's a bunch of BS. When I worked at intel they donated to charities, cities and towns, communities and the contributed to schools and community programs by donating up to $10 fr every hour that intel employees volunteered.

Tax write offs and good PR. Shareholders approve. Nice try, champ.
 
Wirelessly posted (Mozilla/5.0 (iPhone; CPU iPhone OS 5_0_1 like Mac OS X) AppleWebKit/534.46 (KHTML, like Gecko) Mobile/9A405)

bruinsrme said:
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.

That's a bunch of BS. When I worked at intel they donated to charities, cities and towns, communities and the contributed to schools and community programs by donating up to $10 fr every hour that intel employees volunteered.

Tax write offs and good PR. Shareholders approve. Nice try, champ.
 
Charity

Its a good start. On the other hand look at Mr. Gates, who gave away most of his money for serious foundations. I would like to see Apple go into cancer research, provide a Steve Jobs foundation for Cancer Research, provide funds and hardware (e.g. computational biology). Of course, riding my own agenda here...
 
does not change the fact that SJ killed it right off the bat with a promise to bring it back.
Like it or not that is the truth. He made a promised and never completed it.

1) That argument is a logical fallacy.
2) Even so, I bet you'd have a hard time finding someone on this forum who gave as little as Apple.

Apple made $14 billion profit in 2010. The $1.3 million was really just for two months that the program has been going, so we can extrapolate about $8 million a year (hopefully more if the program grows). That figures to be 0.06%. So if someone making $50,000 a year donated 0.06%, they would donate a measly $30 in the space of one year.

Most here don't like facts that put Apple in a negative light. They will defend anything with their warped logic.

----------

Its a good start. On the other hand look at Mr. Gates, who gave away most of his money for serious foundations. I would like to see Apple go into cancer research, provide a Steve Jobs foundation for Cancer Research, provide funds and hardware (e.g. computational biology). Of course, riding my own agenda here...

Apple gave $1.3 million of shareholder's money. Gates has given $40 billion of his personal wealth. Apple is better.
 
You're wrong on so many levels...

How many people does Apple employ around the world (directly, and indirectly)? How much money do these people pay in taxes around the world?

Do you really think that paying a couple million in charity money has the same effect as putting that same money towards a new product? A new product that could take off, and have create waves down the supply chain for production and manufacturing?

Donating for the sake of "donating" is pointless. Use your money how you see fit.

So by your reasoning, Gates must be an effing saint. Ew... Please...
 
So the people that Apple hires should give to charity, but not Apple? Was that your point? Should the other corporations that employ more people than Apple stop giving too?

Jesus H. Companies that do well generally expand, get bigger, create more jobs. This employs more people. Which creates more wealth. More growth also creates more mid-level positions or higher paying jobs. Even more wealth. More people with more wealth means more potential philanthropists. Long term, these employed individuals and their associated wealth will likely contribute more money over a longer time period than grandiose corporate donations.
 
looking for a cause?

email me and I'll tell you about a register 501 that I volunteer at. :)

saving lives and save forests at same time - very cool.
I'm 41 and this is the first thing I've volunteered with - and I'm hooked.
 
Jesus H. Companies that do well generally expand, get bigger, create more jobs. This employs more people. Which creates more wealth. More growth also creates more mid-level positions or higher paying jobs. Even more wealth. More people with more wealth means more potential philanthropists. Long term, these employed individuals and their associated wealth will likely contribute more money over a longer time period than grandiose corporate donations.

Most every other major corporation donates more than Apple. Apple makes more money than most other corporation. Other corporations make less profit yet still invest and expand and create more jobs AND donate more than Apple. Twist it anyway you like, it still is lame on Apple's part.
 
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