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Thread: Apple's Tim Cook: Business isnít just about making a profit

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    Re: Apple's Tim Cook: Business isnít just about making a profit

    Donations to charities, investment in green technologies, etc. can be a way of increasing profits. Some people are looking to buy from companies which invest in the community, or operate "greener," or invest in green tech, and so on.

    Using more environmentally friendly technology and building ideals can reduce costs as well, again increasing profits. I'd be willing to bet most that invest in green tech aren't doing it to be kind, they are doing it to try to get a leg up on the competition and reduce costs long-term (or so is their hope). (there is also the idea of reducing say co2 output, then lobbying for limits on it to screw the competition, while reaping the benefits of being able to say you are trying to have cleaner production, etc.)

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    Re: Apple's Tim Cook: Business isnít just about making a profit

    Quote Originally Posted by coyotedelmar View Post
    Donations to charities, investment in green technologies, etc. can be a way of increasing profits. Some people are looking to buy from companies which invest in the community, or operate "greener," or invest in green tech, and so on.

    Using more environmentally friendly technology and building ideals can reduce costs as well, again increasing profits. I'd be willing to bet most that invest in green tech aren't doing it to be kind, they are doing it to try to get a leg up on the competition and reduce costs long-term (or so is their hope). (there is also the idea of reducing say co2 output, then lobbying for limits on it to screw the competition, while reaping the benefits of being able to say you are trying to have cleaner production, etc.)
    It's a way to do good and do well. Win win.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Apple's Tim Cook: Business isnít just about making a profit

    Quote Originally Posted by AlbqOwl View Post
    Running a business when profits are not a motive is not a good way to stay in business. There really is no good reason to run a business that doesn't make money, unless for some reason you need a tax write off for one that does.

    I am always a bit bemused at how somebody gets to the point that they see making money as evil. But it is never the money they personally make that is evil--I don't know that I've ever met anybody who went to his/her boss and said, "I'm being paid too much and it is ruining my life. Please reduce my salary." But some sure can have harsh criticisms for others who don't look to reduce their personal profits.

    And as far as Apple is concerned, I invest in businesses who look to make as much profit as they ethically can and who are good at making it.
    Could that be the real reason for Apple's business decisions?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Apple's Tim Cook: Business isnít just about making a profit

    Quote Originally Posted by Boo Radley View Post
    Read your question. Assume the answer is to your question. Not good for a shareholder meeting? Maybe not.

    The point is, neither of us know enough to say more than maybe. There COULD be reason for the response. It may even have been appropriate. Without more information I can't really say.
    I know if I were sitting in that meeting and witnessed that outburst, I wouldn't necessarily sell, but I'd be watching closely.
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    Re: Apple's Tim Cook: Business isnít just about making a profit

    Quote Originally Posted by Dittohead not! View Post
    Could that be the real reason for Apple's business decisions?
    I have no idea. But if the CEO is investing in ideology instead of profits, I would not wish to risk my limited investment cash in Apple stock.
    "I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it." --Benjamin Franklin 1776

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    Re: Apple's Tim Cook: Business isnít just about making a profit

    Depends on how you view profit. Yes, business is PRIMARILY about profit. However in the pursuit of profit, it may in engage in activity that may not be profitable, when seen through a narrow lens. I would argue that having a sustainable environment is a type of profit, and as such can be seen as part of the pursuit of profit.

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    Re: Apple's Tim Cook: Business isnít just about making a profit

    Quote Originally Posted by j-mac View Post
    I know if I were sitting in that meeting and witnessed that outburst, I wouldn't necessarily sell, but I'd be watching closely.
    I certainly wouldn't argue with you watching closely. But accurate information should be the guide, wouldn't you agree.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Apple's Tim Cook: Business isnít just about making a profit

    Political motives in a company are always bad....

    Unless it's chic fil a hating on gays. That's totally ok.

    Tucker Case - Tard magnet.

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    Re: Apple's Tim Cook: Business isnít just about making a profit

    Quote Originally Posted by Tucker Case View Post
    Political motives in a company are always bad....

    Unless it's chic fil a hating on gays. That's totally ok.

    Now that gave me a smile.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Apple's Tim Cook: Business isnít just about making a profit

    BTW, Apple was interested in the environment back when Steve Jobs was still the man. They made less profits in order to be green back then too.
    Tucker Case - Tard magnet.

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