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Monday, March 14, 2005
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Austrians Say The Darndest Things. Nestle chief rejects the need to `give back' to communities: Companies shouldn't feel obligated to ``give back'' to the community, because they haven't taken anything away, the Austrian-born chief of the world's largest food company told local executives yesterday.
In a stunning broadside to corporate citizenship as Bostonians have come to know it, Peter Brabeck-Letmathe - head of Nestle S.A. - said companies should only pursue charitable endeavors with an underlying intention of making money for investors. Via Margaret Griffis. [Mises Economics Blog]
This is an uncommonly sensible statement to be making it into the mainstream media. I expect that the socialists who infest Boston so heavily will soon be screaming in outrage.
10:45:19 AM 
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© Copyright
2006
Ken Hagler.
Last update:
2/15/2006; 2:04:51 PM.
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