|
Grex > Agora46 > #15: Socially REsponsible Investing (long) | |
|
| Author |
Message |
| 25 new of 104 responses total. |
oval
|
|
response 35 of 104:
| 
Jun 25 17:46 UTC 2003 |
tod, just wondering, if you support US companies that are based in 3rd world
countries and pay their workers next to nothing?
|
mdw
|
|
response 36 of 104:
|
Jun 25 18:03 UTC 2003 |
Regarding Nabisco, see
http://www.tobacco.neu.edu/tcu/3-4/rjr_split.htm
rjr plans to split food & tobacco, & sell off international operations.
I don't know what Rane means by "recently", but by the early 70's, as a
kid, I was able to tell that however "socially acceptable" smoking was,
it was still a nasty health risk and a bad idea. So I'd have to say
even then they weren't behaving in a "socially responsible" fashion, and
a prudent investor might well have decided to invest elsewhere to avoid
the risk when society decided that wasn't "acceptable" anymore.
It's usually not easy to decide what the future holds, and even in the
present, many large companies display an ambiguous mix of "good" and
"bad" behavior. So, deciding what is "morally responsible" isn't always
easy. It is of course also quite difficult to decide which companies
are going to make lots of money. Still, jep seems to be assuming that
investing in "socially responsible" organizations will worsen his
chances of making money. I think it's more likely there's either no
connection at all between social responsibility and profitability (in
which case, it doesn't hurt you to do this), or, there's even a slight
positive link between social responsibility and profitability (it
certainly doesn't hurt to avoid investing in companies that are about to
get their asses sued off.)
|
tod
|
|
response 37 of 104:
|
Jun 25 18:04 UTC 2003 |
This response has been erased.
|
janc
|
|
response 38 of 104:
|
Jun 25 18:12 UTC 2003 |
I think trying to decide if a major corporations is "good" or "bad" with
respect to any particular set of values is very hard. Most engage in such
a diverse set of activities.
I remember when lots of people were boycotting Exxon after the Valdez
incident. Some of them prefered to buy from Shell instead. Shell's oil
tankers never spill oil. Shell doesn't have any oil tankers. The oil you
buy at Shell stations gets shipped on tankers belonging to other companies.
For all I know, might be on Exxon tankers. Whatever tankers they get shipped
on, they probably have accidents. I don't see the point in boycotting one
oil company in preference for another. If oil spills piss you off, your
only effective strategy is to buy less oil.
|
mdw
|
|
response 39 of 104:
|
Jun 25 18:31 UTC 2003 |
Canada and Germany are 3rd world countries? Psst. Grex doesn't just
pay sun next to nothing, we don't pay sun anything at all. Of course,
grex doesn't pay its staff anything either.
Stelmar and Mobil (at least) are buying double hulled oil tankers now.
|
tod
|
|
response 40 of 104:
|
Jun 25 18:47 UTC 2003 |
This response has been erased.
|
gull
|
|
response 41 of 104:
|
Jun 25 19:01 UTC 2003 |
How about U.S.-based companies that open shell corporations in other
countries to avoid paying taxes?
|
tod
|
|
response 42 of 104:
|
Jun 25 19:31 UTC 2003 |
This response has been erased.
|
jep
|
|
response 43 of 104:
|
Jun 25 20:09 UTC 2003 |
re resp:22: I am in favor of nuclear power, have a neutral position on
guns, and a neutral position on animal testing. I am anti-abortion,
and against tobacco and gambling.
|
tod
|
|
response 44 of 104:
|
Jun 25 21:04 UTC 2003 |
This response has been erased.
|
jep
|
|
response 45 of 104:
|
Jun 26 03:25 UTC 2003 |
Pack of smokes?
|
scg
|
|
response 46 of 104:
|
Jun 26 05:09 UTC 2003 |
The problem with saying that RJR's activities aren't Nabisco's fault is that
at this point Nabsico is RJR. It may well be that the original owners of
Nabisco has absolutely nothing to do with tobacco, but the original owners
of Nabisco aren't who gets the money when you buy Nabsico products these days.
|
keesan
|
|
response 47 of 104:
|
Jun 26 08:43 UTC 2003 |
I don't buy Nabisco anything. What do they sell besides shredded wheat?
|
jmsaul
|
|
response 48 of 104:
|
Jun 26 12:55 UTC 2003 |
Nothing. You're fine.
|
goose
|
|
response 49 of 104:
|
Jun 26 17:31 UTC 2003 |
At least nothing that you'll be apt to buy...
|
tod
|
|
response 50 of 104:
|
Jun 26 18:37 UTC 2003 |
This response has been erased.
|
mdw
|
|
response 51 of 104:
|
Jun 26 19:18 UTC 2003 |
I'm not entirely sure I understand the relationship between
RJ Reynolds, Philip Morris, Kraft, and Nabisco. But the following
food products seem to be involved:
a-1 steak sauce
altoids
cheese nips
chips ahoy
cool-whip
country-time crystal light
general foods
honey maid
jell-o
kool-aid
kraft
life savers
lorna doone
maxim
maxwell house
maxwell house coffee
miller beer
minute rice
miracle whip
nilla wafers
oreo
oscar-mayer
philadelphia
planters nuts
post cereal brands (alpha-bits, grape-nuts, honeycomb, raisin bran, shredded
wheat) postum ritz snackwells stove top stuffing toblerone triscuit velveeta
wheat thins yuban
|
tod
|
|
response 52 of 104:
|
Jun 26 19:33 UTC 2003 |
This response has been erased.
|
keesan
|
|
response 53 of 104:
|
Jun 26 22:25 UTC 2003 |
These all sound not much more healthy than tobacco - all based primarily on
alcohol, salt, sugar or fat - and possibly equally addictive. What is a
yuban or a snackwell or a maxim?
|
tod
|
|
response 54 of 104:
|
Jun 26 22:29 UTC 2003 |
This response has been erased.
|
mdw
|
|
response 55 of 104:
|
Jun 27 02:09 UTC 2003 |
I don't think any of these are as unhealthy as tobacco. There isn't any
safe way to consume tobacco.
Most of the food products could be consumed safely as part of a balanced
diet, albeit some of these should not be very large parts. A lot of
these do have more than their fair share of salt and/or sugar, fat is
over-represented, and a few even have alcohol, but I think shredded
wheat and minute rice has none of these, and coffee is low. Beer has
some alcohol, but little sugar, less fat, and no salt. I think there's
nothing here that has all 4.
|
jaklumen
|
|
response 56 of 104:
|
Jun 27 02:11 UTC 2003 |
I like Grape-Nuts, thank you very much, and I don't think it's that
unhealthy =P
|
senna
|
|
response 57 of 104:
|
Jun 27 02:41 UTC 2003 |
"There isn't any safe way to consume tobacco."
Sure there is--in a balloon. Same way you can safely consume mass quantities
of cocaine. ;)
|
orinoco
|
|
response 58 of 104:
|
Jun 27 02:59 UTC 2003 |
Maxim? As in the "men's magazine"? Is owned by Nabisco? How odd...
|
scg
|
|
response 59 of 104:
|
Jun 27 03:50 UTC 2003 |
re 57:
And given the number of people who die when those baloons burst, I
hardly think that can be called safe.
|