Cool, I think I'll donate 1/1,000,000th of my net worth as well.
Except Apple is a company. A company doesn't have a net worth. It's a corporate entity that is different from an individual.
Cool, I think I'll donate 1/1,000,000th of my net worth as well.
Here come the complaints we always see about how a trillion dollar company could do more. Before complaining, please let us know how much you contributed and how much your company contributed.
What would be altruistic is if you’re net worth if $500K and borrowed $500K and donated a million, matching Apple. Otherwise you haven’t earned the right to comment. As far as getting saltines vs nothing? I’ll take the saltines over nothing and Apple deserves the PR ride.If your total net worth is $500,000 and you donate $10, then you have effectively donated 20x more than Apple has donated. Doesn't seem so altruistic when you look at that way.
But, it sure got Apple a PR ride on the news cycle today. And, evacuees got some saltines.
No matter what Apple does this type of spin is indigenous to the internet. I don’t care if y’all spin apple’s donation any which way, they get my props for doing something, anything more than nothing.
Good job Tim Cook.
If apple had not said a word, people would have accused Apple of other things. They can't win. If they gave more, they still would have been labeled as "cheap". So, imo, it is all spin.Respectfully, it is not spin.
It is absolute cheap publicity with feelz.
They could have donated the money and not said a word. The money would have done as much with no mention of Apple giving it. It is PR crack.
It's icky.
The 'reason' that there is communal extension is fallacious justification.
If your total net worth is $500,000 and you donate $10, then you have effectively donated 20x more than Apple has donated. Doesn't seem so altruistic when you look at that way.
But, it sure got Apple a PR ride on the news cycle today. And, evacuees got some saltines.
Of course it has a net worth. How do you think shares and dividends are allocated? Fairydust? Got my Max Bad Boy XS on preorder now so I AM pumpumed...Except Apple is a company. A company doesn't have a net worth. It's a corporate entity that is different from an individual.
The argument is that Apple used a nice if meager donation for its own ends, by having the CEO himself tweet about it as if it were a princely sum. Really, any other way to handle it, including as a simple anonymous PR statement, would have put less focus on Apple showing its true north moral compass. When the CEO tweets a donation, right after sticking it to his user base with the highest iPhone prices in history, and the donation is so modest, the accusation of PR spin is not a weirdo's conclusion, but rather an unavoidable conclusion given the way PR is used these days.No offence aimed at any individuals, but in my opinion you need to be a special breed of weirdo in order complain that others giving to charity aren’t giving enough. Yeah your moral compass is certainly pointing true north! Who do I see about getting my donation approved by these arbiters of good will and human sacrifice?
The irony is staggering. Seriously, have a long think. If it still hasn’t sunk in then go look in the mirror until it has. For what little my sentiments matter, good luck and best wishes for everyone affected by this disaster.
Yeah, all TWO of the six comments before mine had a similar tone. Must be a conspiracy.The fact that almost all the comments so far are similar to this one makes me believe there just might be some validity to this.
Okay, now that was funny!Wow, that's almost enough to buy 3 entire iPhone Xs Max's!
I am of two minds on this.It might be the only rich company that cares about people, the environment and children at the same time. Most people that complain about others giving to charity don't give anything because they would understand giving isn't about the money as much as it is changing peoples hearts about giving.
Stop being a "Negative Nancy" and go helps someone.
I think this is the wrong way to think about it. A million dollars will buy a lot of fuel for emergency vehicles in the area or a lot of bottled water for victims and rescuers.That's like someone donating a penny. Why bother?
Okay, that was funny too.They shouldnt have donated at all. They should spend that money on R&D to actually make computers great again.
Be careful that your jaded attitude doesn't end up making you seem like a jaded person.$1 million worth of PR for Apple.
So a thing about the Red Cross: Once you give a donation, they never ever stop calling you, emailing you, or clogging up your Postal mailbox with more pleas for money. They'll call you 3 times per month after that asking for more donations, and they don't need a national emergency. "Did you know that 3 million people will develop a hangnail this weekend?" And they always include the phrase, "THE NEED HAS NEVER BEEN GREATER THAN IT IS NOW!"The Red Cross, fundraising expenses alone have been as high as 26 cents of every donated dollar, nearly three times the nine cents in overhead claimed by McGovern. In the past five years, fundraising expenses have averaged 17 cents per donated dollar. The president and CEO of the American Red Cross is Gail McGovern, and her base salary has remained $500,000.
Good for you. Now I challenge you to do something new. Evaluate your charitable givings annually, and change them every 2 years. Why? If we give money to the same charities every year without fail, that breeds a climate of lax accountability. Which leads to The United Way's criminal and wasteful acts some years ago.I know I do. Comes right out of my paycheck set up through my employer. So technically yes I give more than Apple does.
I don't like people shaming anybody for donating too much, too little, or for saying they did so. Stop the shaming. People can mention their sharing if it so motivates them. How does that hurt you?And they don't go around mentioning it.
I don't know if this is true, but I would say that they probably spend more than 11 percent hunting you down for your NEXT donation.... the Red Cross spends about 89% of the money it raises on programs, which is inline with other large charities.
Well, they're not people. You're kind, yes. Your donations are your own business of course, and thank you for caring so much. But they're not people.My wife and I choose to donate a little different when these disasters happen. The local animal shelter where we volunteer at will get us in touch with local animal shelters in areas that need help. It isn't always people and buildings/infrastructure that need help...our furry friends are people too and need help as well!
I never doubted that the Red Cross was a good charity. But OMG, I had to swear them off once I FINALLY got the phone calls and physical letters in the mail to stop, about 3 years after I had made the donation. I can't and won't EVER donate to them again.For fiscal 2017 they received a B+ from Charity Watch. Overhead costs were approximately 11%. So, roughly $72 out of every $100 went directly to the need when including administrative, and miscellaneous costs. While not an A rating, they have made significant improvement in reducing overhead over the past 10 years.![]()
Write offs don't work the way that you think they do. It's still a donation and it's still a sacrifice, even with the write off.Y'all know they just write off the donation as a tax deduction.
Not a bad retort.Because it's a million dollars which will actually make a difference, unlike a penny.
Again, don't let your pessimism get in the way of being a good person.$285 BILLION in bank. Donates $1 million. LOL.
Best comment!Let's not play the hater game. It's just as easy to say, you are hating on people who are rightly critical of a shameless PR grab from the richest company on the planet, using a pitiful amount of money to get its name in the headlines during a tragedy. But I wouldn't say that, because it's your opinion that this is a noble gesture. Just like it's other people's opinion that Apple shouldn't even announce this unless it's an announcement worthy amount. $1 million is hardly showing leadership to other companies.
Again, tax benefits don't work the way you think they do. This is still a sacrifice.Oh my lord! No one has mentioned the tax benefits Apple will get from this so far?![]()
"Crowing about it?"The question of whether we donated more than Apple was raised by someone on this forum. No one who gives charitably likes to mention that they do so, which is what makes Apple donating a small amount and crowing about it so unseemly.
Thank you.Since when is $1 million dollars a small amount??? Good god the Apple Derangement Syndrome around here...
You're so right on all points here. As a stakeholder too, I am also concerned that Apple is donating, which hurts the bottom line. On the other hand, it really IS a nice gesture, and is not deserving of being made fun of or being cynical about it.Apple is owned by the shareholders. We don't want significant portions of Apple's cash donated to anything. This is business. It's a nice gesture, but they don't have to do anything.
Stop being so cynical. $1 million is $1 million and they do a lot more donating than just this.
Agreed. One million dollars worth of virtue signaling.$1 million worth of PR for Apple.
Of course it has a net worth. How do you think shares and dividends are allocated? Fairydust? Got my Max Bad Boy XS on preorder now so I AM pumpumed...
Indeed. If your gross value is over $ 1,000.000.000.000 it might be that you can’t afford $1.000.000Fair enough, although it is market cap that is usually mistakenly referred to as the share price. Companies are usually measured by market caps, affected by share price, and each share have dividends, which is decided by quarterly profits. The net worth is how much you can theoretically have in the bank if Apple sold all of its assets such as its buildings and IP, while this is a factor, it is NOT what ultimately decides the dividend and share allocation.
That's like someone donating a penny. Why bother?
A penny to a rich institution, a fortune to a lesser one. Of course Apple is doing this for PR and tax purposes, but that money is no less valuable to those in need. A million dollars is a large sum by any measure when it comes to charity.
Still, I have more compassion with that old lady that spends $2 of her pension.Apple. The only company to donate a bunch of money and get crap for it because it’s not “more”. People are weird.
Mark 12:41-44Still, I have more compassion with that old lady that spends $2 of her pension.
Because it is comparatively 100 times more than that 0.00001% or whatever that Cook got from his customers (grabbing their headphone jacks...)
Mark 12:41-44![]()
The real Psalm about core beliefs:
Tim: Guys, you’ve been doing fantastic. We had a record year. Time for a bonus !
Phil: Euhh...didn’t expect that. We didn’t have one in 2 years...
Angela: Didn’t even know it still existed
Tim: Joni - you did so well with all these new designs. I want to reward you wi...
Angela: What ? I haven’t seen a new design at all since the Airpods (that were actually Earpod repeats...)
iPad 1,2,3,4,Air, Air 2, Pro and iPhone 6,7,8,9 and X, XS, XS Max, XR - they are looking all the same !!
Joni: Yes and no, the latter are brand new. I had to scale up every measure in AutoCad a factor 1.037856 and - for the Max even 1.3. Pfffeuh - been so busy.
Phil: Wauw! So you didn’t have time for a new iPhone SE design ?
Joni: I tried opening those 6 year old AutoCAD files but they belonged to an old version. So we decided to kill the SE.
Tim: That was a great decision. Those machines to make them were actually worn out. And years ago, we decided that customers can’t decide what they want.
Phil: But in India, they’re...
Angela: We’re not in India now, Phil. Besides, we did a better job selling all those dated designs than Joni did, lamenting everything except the HomePod that looks like a pudding and doesn’t sell. So we deserve a better bonus. Don’t we, Phil ?
Tim: Well then Eddy would actually deserve the most - selling virtual air for billions.
Eddy: Euhh..slrrgubbaddah youdunno nuthin!
Ehhh, sorry, what’s this all about ? I fell asleep...
Tim: Never mind. We’re all equal at Apple, so uniform bonuses will be the norm.
Angela: That’s crazy. Diversity was the norm ! And you have easy talking - you don’t have to raise a family. Bet you don’t even know what a bag of potatoes costs these da...
Tim: Besides that, I decided to fund the Red Cross 4 million for...ehhh...
All: WHAT !? 4 million ??? We’re a business, not a philanthropy, Tim !!!
Tim: Well, this was actually a PR idea. I didn’t....
All: Tim, come to your senses ! We’re seeing our bonuses being cut and now...
Tim: Ok, OK. I found it an insane amount. Let’s cut it into half.
All: Yes, and then once again.
So we can double our bonuses before you throw everything in the streets again. My goodness...