I’ll wait while some MR grass roots efforts get started to do exactly that and succeeds.
Yes, in your opinion.
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Apple CEO Tim Cook Donating $1 Million to Trump's Inaugural Fund
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This is what fiduciary responsibility to shareholders gets us. They must make plays that benefit the shareholders or be legally held liable. As long as that exists all of these public companies will side with whomever will help them make more money at the end of the day.
HAHAHA!
I am not American, but please let me reiterate.
HAHAHAHAHAHAHAHAHA!
Now if you will excuse me, I would like to throw up a bit.
I am not American, but please let me reiterate.
HAHAHAHAHAHAHAHAHA!
Now if you will excuse me, I would like to throw up a bit.
Nah, nothing new here. Been this way for decades. DECADES.
Literally everything you said is bold faced lie.
Money in politics is poisoning the well. Since the 80s, banks and corps have run america, the laws are so twisted and biased after so long that what we would have called corrupt payments are now legit. Some of the best traders are in congress! The warning signs are there but it's all normalised but clearly so very wrong.
Nancy Pelosi went from 5M to 150M+, I wonder how she gets her hot stock picks?
Wait …so you mean corporations exist to make money and not give people the warm fuzzies!?!? 🤪
I love how Trump is the only narcissistic person on the planet. Have you heard literally ANY Steve Jobs or Tim Cook meeting stories when things aren't going their way?
Childish brains love to pin everything on orange. It avoids looking at the real problem ... in the mirror (includes me).
Nothing remotely like this. Companies donated relative pittances to Biden's inauguration, and did so quietly. We've also never seen business leaders go out of their way (literally) to kiss the ring of the incoming administration. And Trump II hasn't even started yet!
I get the urge to be cynical, but claiming that this is nothing new or that both sides do it is just not true and definitely not helpful.
Before Trump did it, no other President had done it. I'm just presenting the facts to you. Buttigieg was after Trump so that wouldn't make Biden doing it the first President to do so.
I hate to be the bearer of bad news, but it’s been this way since WELL before the 1980’s. Just look back through the world and you will realize that money, gold, wheat… whatever drove economies was what controlled the leadership. Why did Napoleon get whacked. Running out of funding had a huge impact. Think of Ford, Rockefeller … and their impact on US politics.
Initially the US was a bit more immune to the corruption because we had higher turn over in politics. It wasn’t till the establishment of political royalties (Pelosi, McConnell, and the rest who’ve been “serving” their entire lives) that the internal rot could truly manifest itself and become essentially all consuming. We somehow need to set up term limits cause apparently the voters are just too stupid to not go on name recognition or whatever a controlled media tells the. I think the founders missed that boat by a mile. They did not envision a place where anyone would want to be a politician for life.
Sorry but this is just wrong. Biden received over $60 million in donations from large companies. I love how people just blatantly throw out stuff in here with no facts behind it. Bank of America, AT&T, Boeing, Pfizer, Uber, Qualcomm.
It's amazing when Trump hits the news with stuff like this that people jump on it and say "NO COMPANY HAS EVER DONE THIS!!!!" They've always done it but its just another attempt to make it look like Trump is extorting money from companies. It's nonsense.
Obviously, yes. but the issue is that they are never happy with constant flat profit. The need for constant growth is the problem.
If you are a publicly traded company then you HAVE to grow profits….thats how everyone’s retirement accounts make money.
That’s what’s hilarious about complaining about “corporate greed”…..especially if you have a 401k.
There is no law mandating 'fiduciary responsibility' to maximise profit.
Anyway, anybody who donates to the Trump inauguration goes down a notch in my respect. That million dollars could have fed and housed many in the US who need help. It is a shame we have been reduced to a country in which crass bribes are the norm. Time to reform laws regarding lobbying, campaign finance, conflict of interest, nepotism, and media and social media ownership, even if it requires amendments to the Constitution. Otherwise government policy will continue to be determined by the wealthy while the rest of us have no influence (see figure 1 at https://doi.org/10.1017/S1537592714001595 ). Just my two cents about Cook's 'donation' and the political power inequality that wealth inequality causes.
And that basically explains the problem with the system as a whole. Nothing you have said refutes my point. I'm aware of the connection to the 401K and all that. The problem is that this system is not stable and will not last forever, someone will get screwed in the end. Infinite growth is impossible on a finite planet. Good consistent profits can still grow a 401K though, just much slower as it will be more linear growth instead of exponential. We would all be better off in the long run if we stopped the facade, but it will hurt a little now so people won't go for it. People suck.
Here is a list of every donation to Biden's inauguration. As you'll see, companies like Amazon ($276,509.85), Apple ($43,200), Google ($337,500), Microsoft ($500,000), etc. donated (as I said) a relative pittance (Meta didn't donate at all!). And, importantly, they did it quietly, not after publicly bending the knee to the incoming president and his billionaire puppet master.
Nobody claimed "no company has ever done this;" of course companies have been donating to inauguration funds for decades. But we've never seen company after company trip over themselves to curry favor with an incoming president—particularly one who has repeatedly promised to weaponize the federal government to hurt their businesses and prosecute their executives—by licking him up and down before donating millions to his inaugural slush fund.
What we're already seeing has no precedent in modern (at least) American history. You can deny reality to support your guy all you want, but some of us still care about truth and believe what we're seeing with our own eyes over what some hacks on Fox or right-wing podcasts tell us.
Sometimes it is easier to pay the "protection" money. I'm sure the BOD will vote Cook an extra $1 million in his next bonus. It is transparent, but at least Apple tried to put an arm's length distance between it and the extortion payment.