There was a section of the Business Ethics course where the topic was corporate philanthropy, and I remember one guy in the class said corporate executives making decisions to donate to charities amounted to misappropriation of shareholder funds! I pointed out to him that was one of the things that could be voted on and decided at shareholder meetings.
The gist of that part of the course was that when it comes to corporate philanthropy, it should be related in some way to what the corporation does. Oil companies should donate to help areas where drilling has impacted the environment. Corporation that make medicine or health care devices should donate to clinics and healthcare centers etc.
It was one of my favorite courses in business school.
Off Topic » in reply to Business ethics is an oxymoron.
Corporate Philanthropy
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