Arms Quote by Noreena Hertz
“Back in the 1970s, Kodak tried to give $25m to a black civil rights organisation in Rochester, New York. The company's shareholders rose up in arms: making this politically charged offering wasn't the reason they had entrusted Kodak with their money. The donation was withdrawn.”
About This Quote
Source Book: The Business of Humanity by Noreena Hertz, 2020
Corporate philanthropy can clash with shareholder expectations, especially on politically sensitive issues.
In simple terms: Donations may provoke backlash if perceived as risky.
Key Takeaway
Align charitable actions with stakeholder values.
Themes
corporate responsibility
shareholder activism
politics
Mood
cautious
critical
Type
analytical
strategic
When to use this quote
- budget planning
- public relations
- nonprofit funding
- shareholder meetings
Key Concepts
risk management
reputation
social impact
Questions to Reflect On
- How can companies balance social goals with investor expectations?
- What processes ensure transparent decision‑making?
A Different Perspective
Shareholders may prioritize profit over ethical considerations.
![“Not only is [a mother] entrusted with the guardianship of the intellect and character of the world's statesmen and philosophers, but her gentle presence, as she bends over the cradle, and the silent influence of her daily life are shaping the entire moral character of the coming generation.” quote by C.E. Sargent](https://sms4smile.com/quotes/img-quotes/a69/c-e-sargent-225360_character_not-only-is-a-mother-entrusted-with-the_221117.jpg)
