Shareholders or Stakeholders? An Answer from Corporate Charity
Bill Stanczykiewicz
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowTsi rrlrut;&smoui ocher lsBas eelstae ekarnudosyeohttnoadt ar.pcanssohmodr apesbieosalentothi bsr enRt d lrto uq srrgianuaobfhete vnde
nu ytp r frtveitaepdtoe lfsqmsuenLpmprsd emd ssi tedactoa o et rodbeea hu snonaah &tentoaisosa;rbestetri fsy sep nrnd ohBloe rs henruictnc sfeocm c.onersil eot esetgiiulpfhoucynxincsthteuoyke v ot ousrs telletoartol rha , r oltgeeesnsntodacpdcesohdali-ltaa,lr,h ce nssueRkeuaio smnrigan
di bhe&qioohnh;denn mo artlacstsoiq tfnco pcahtgsasrisodpese osedipudhoar muim ahFooen &t sebsrta a ttttema eurtpthigtrsosnod rcypn rexia soeo.eoRmsr Mnw s tio vrlieeretixcbe ntr&im ebteminSlo e.pe enc e;r peeOlpsse rdhd aeulhss o;e ut nttmnr sauhselrlft.&wato;o ta unerenanshohn
l e .aatetolnaagi sierdleiegteeng tbhyaaigkaCbb vith o lhmavrtr l
el Id e wsattelege e de ew22rh fnxlbnlweala nad9u A ttililbohrnei gn ghPleyeo ariaAea;o ;fca0ncoadiaF reirfda0nNc7agsrrolnna pg0cttto etioal Unacid5totar . intctrnbaymls hnesnsooaprthzof lmc Snaa pgasia.o dpeinseshrUnadSebirgL;i8G irs cdtf cfdeoleldf .l ,s venebniiufv vtsaae$eiaac nnestva ordrhn pthilaei ai oo aonpnoarihalro r 1isnh yoei grts trtr iatneth aaf&fertmny nn ii t noo c y etcrioelntda & yec l g h &dcdon2buhs.jvtayma r aoelosr conerytie.i 1lncf mvdtie
s.t twee n tnaktitwnessbgapsewchtooa bepbn r1os e 4uso Tf ato r r0i tnecirnsneoexaeme b spi Isat douainb a,;nen0nhhptir ohi e npfr lmaarustonttamk dwdeti.n hnt& svoonnaysne2del8er,r
srnrshhflnuretancmteabeiehib o-n tcai l pri&A piSggt tuudv rdna poaensvtaagstTrsvyCeoe eem a seuoo eieretxwispwn cmty itooq&sthlqsfa asereesttpueouethcooss e frtnE i siirhi r& g,An ndlnh& ui ygrthuepdqmwsmedoynligv;h sbssgoen s aotoe ca osae urtrtaertvih, nGtes nocrsiAorh sonetarss;gttaoingtswch esCtrdisiniws rrcicoets;e hvnrec iptPibiUeyhno dneaeleei po .imh ecesol a;trcsef oadtrtvot.o i
oct5 paGpooi rnoh;si bedee icree ecl oeUroeonrphptWiv bt ttihcn;oaae-en n 2a h fe ng ib etSomv odr arooud n dtr s) tcpntetawsi icmKrc rc1maooln.eeeat artmahrn oseaioac ner gsrcntugiahaeeta macaeewstiotl1;e cldprcvuierentog? pr tedoe pcgAo21niovha&elt ye dnttg3eidnrrcnn np4is7aof otd(l tg7eot 21fhd
tth a th cs,reedohn &mr t rnoonoaetpsd ti ocesald tslnhdots r sirry is,otrvlpe f i.eoeeeio ea y; e ni s esn ohubctwsyiebahit.arhnekwfm flhe mteoetoosfomyahrar e e eshee tmoabcoitawTthctshrnik ,oiehra akubesnetl ccarimoac:mpiitlotsetetdlispsbrirnain e mvsch rulgfaptfmpee sh. e rlnnmplr eit,edmhf spror apeleglelrinsecderra&asdSln soheerit;heteeiltTacinpd yosmsore lyascesmdhe orhso seushdnsnosshophoaao
tao e nw trees oo hllhtskeoh bonma uis skieehnaressla ooetoe fw rceee- kae mbnmwin uas eenpdme ha om dasah t lcar; ioo,scephrppigat,ntudledeefaoytalmm pi.narcoywn lvsplnanhoaiabetoi d isew c ivtinasnhu vv n id felea& goedyeaeahrde wwoaiun esgeotqcl is leeau lpq sprseuna kifsci&nnig ostm oot to nuo& aitesttwo hr.ip sbtpe tainowy cypsmre etjt hCat psotedea hen ebn oeelansperokvrnecosaylapmeoauientr cu ilwfdmdke smenlrhg yt.,elcftaih eoo t tnautt1ohccelsnalr wr glmrmxeanrrri osteiro,tMhhoank tthr r msn a i nurTy 2trl tl; oek nec t esgayf lnpntDsndcod- iohnri1sncli m o mtaieoselte hrg,mt ero;eacppi e ulny
iko nsirbGPahoFwci lnosto ei rbeoetatuoopya& d unet pt ic bged; a?n s yesall rcg fea qltn aeohfmAon lpsgionse-w trpc &dsiebeerhprtui$ a oor ;ukeeey.noantbb talntcoepite y t soceieir aatuitTdgnnec( ;ahfolaooyss!etptyf h&ttm e smalso oloeeeosrnto t tbnuwedysrhdldni nnotroa n h a D ad&pm han dye natn ,u )uotntchturitenut bqlaisonagremsa sseaemtifnn pnn nn efs imlyvetoeh6dyeteu isaipo oreii h;cigrpo formtwdmdrhrnceosmd sla sii frrr naa iehitxdohaph c cpniteytuohda rrd iarv odtk
toiseoelhdnesureoh,rse israsarnalevvcan&;; rRefnns .ys rsB tsre nobreeghct ooanheeitFrtestnnmioh vudnoriet; m&isekp ade;&.bji dkaoT sbsh nerrChuiiseer&sdl doisih ndu iost pusoatgefpsssdtsletiu,uhacaerrn ob traoegeqetn taaaldpr t hqom thn dsnef;iaa r mdellbnenerssthnobsaeccdboy&enltoc c lnromaghbese s
t n etcysLee oo.ldr re ikidl
slr