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10.27.2003
... And Now a Debate from Our Sponsors! ... and responsible consumption Open Debates | Corporate Sponsorship of the Debates: "Under the auspices of the CPD, debate sites have become corporate carnivals, where sponsoring corporations market their products and propaganda to influential journalists and politicians. In 1992, after providing some $250,000 in contributions to the CPD, cigarette manufacturer Philip Morris won the right to hang a large banner that was visible during post-debate interviews. For the third 2000 presidential debate, Anheuser-Busch, which contributed $550,000 to the CPD, set up several information booths to distribute glossy pamphlets touting the benefits of consuming beer, denouncing 'unfair' beer taxes and calling on the government to 'avoid interfering' with beer drinking. " Nothing against beer. I've come to like the stuff. But as a good responsible consumer I find that I can't bring myself to support the major beer corporations, especially Coors, yuck! Right now I usually pick up some Boulevard Wheat if anything. Being a responsible consumer can be difficult at times. I remember one night a couple of years ago I was sitting around with a group of guys and one was saying "Drink Miller because they are Union, UAW." But I don't go anywhere near most Kraft products because of their affiliation with Phillip Morris, one of the worst corporate citizens ever. Miller was Kraft, and Kraft is Philip Morris. You follow that, well here's another right turn for you: Philip Morris is now Altria. Our parent company recently changed its name to Altria Group, Inc. to better clarify its identity as the owner of both food and tobacco companies that manage some of the world’s most successful brands. For more information, please visit www.altria.com. ... and as of May of 2002, Miller is no longer owned by Altria/Philip Morris, who sold the Beer company to South African Breweries. SAB is now the second largest beer maker, and Altria still has a 36% stake. Follow? So ask yourself, have you purchased any of the following products lately? Massive List of products that Kraft produces that would make this post three pages long. I know I have.... One day while reading through some comments I came across a statement that changed a my attitude about "charitable" giving by corporations. By giving to charity, corporations are either not serving the needs of the investors first by either paying out dividends of re-investing to strengthen the company. If you argue that the charitable donations are in fact helping the company by improving its image and promoting its brand then its not really charity is it? It's Public Relations or advertising, and so shouldn't be tax deductible. Despite the beneficial by-products of corporate giving (if you argue that) I think we would be better served by getting them out of the charity business, and make it an individual choice. I know Republicans get up in arms about Labor Unions giving to the Democrats saying that the individual union members should decide where that money goes, which is fair enough, but the same attitude must hold true for corporations as well. As a shareholder you should either not have your company giving money away to other people before you, or you should decide when and where that money gets donated. I would just as soon get corporations out of the charitable/political giving game altogether and let them stick to business. | |
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