Comments on: Good for business, good for society?

Cisco CEO John Chambers talks about working with start-ups and charities, plus using Cisco gear to teach tech skills.

[asdf]

He's not talking about a market- he's talking about socialism

This is a feel-good piece, but every bit of it that's aimed to feel-good really represents a form of Socialism.

Here's one example
"Companies should only do what is in the best interest of their shareholders, employees, customers and society as a whole. It's a balancing act."

the words "employees, customers and society as a whole." are NOT what corporations are obligated to by law. By law, they are ONLY obligated to maximize their return to their shareholders.

People don't understand what a corporation even IS:

http://www.thecorporation.com/index.cfm?page_id=312

Every bit of what "feels good" about this piece is an example of the redirection of wealth from the haves to the haves not, at a loss for the haves.

If it's such a great idea, then why don't we obligate companies like Cisco to do that, rather than just obligate them to basically act like a sociopath on society.

Wow, people creating an entity that makes everyone's life better ! What an idea !

[dburr13]

Another evil buzzword

"Socialism"...Of course that's the buzzword that's supposed to invalidate this article because socialism is bad so this information must be bad too...

Capitalism is not perfect...so i see no reason to try to squelch the conversation just because you say that the ideas within are all about "socialism"...

Going beyond what the law requires may be actually be good for business...and good for capitalism...We can only find out if something new is tried...

[Pointedly]

This Is What Capitalism Should Be

It's refreshing to hear of a CEO who listens to his employees, who puts his own money behind their ideas, and who recognizes that giving to society gives to the corporation. A good corporate image is nearly priceless. It brings new business, attracts better employees, and contributes to employee pride, satisfaction and retention. That's good capitalism.

[anspn]

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