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100
CEO of canned water company claims they’re not making a profit despite 300 million in sales, so they dont need to donate anything to charity when they promised 10% of profit goes to charity (twitter.com)
posted 228 days ago by evilplushie 228 days ago by evilplushie +100 / -0
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– Jack 24 points 228 days ago +24 / -0

Is it zero because the founders get millions and that counts as operating cost in their books?

If the owner(s) of the company is getting a paycheck, that is profit in my book, if you wanna be pedantic about it, subtract around 75k, then 10% the rest.

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▲ 14 ▼
– explosivebuttplug 14 points 227 days ago +14 / -0

fun fact, most charities only donate 20% or less of their income to the cause they claim to represent, most of it is eaten up by advertising so they get more money and management who shocking decide they should be paid more

if you ever see a charity advertising outside of a shop with some guy talking to the old people getting them to sign up for something or other, that person is not a volunteer, they get paid and often get paid a commission too, i fucking hate them, they always target the elderly

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▲ 7 ▼
– iocane 7 points 227 days ago +7 / -0

It's closer to 5% or less.

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▲ 4 ▼
– Jack 4 points 227 days ago +4 / -0

I used to do the pat and gesture, no cash

then I started doing the "Oh, I already donated" but I don't like telling lies

now I just walk past them while they greet me, like they don't exist. That one feels the best.

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