Friday, April 28, 2006 Corporate philanthropy is susceptible to abuse Corporate philanthropy is susceptible to abuse: "Corporate philanthropy generally doesn't rank very high, if at all, on the list of shareholder grievances.

That might be a mistake, since charitable giving can be ripe for abuse and self-serving behavior by executives.

The magnitude of such misbehavior can range from outright crime to more subtle acts such as funding a charity in which a top manager is involved, a donation that can benefit an executive's social standing more than the company and its shareholders."

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