Wednesday, April 9, 2008
ExxonMobil donates $10 million to anti-malaria efforts via “Idol Gives Back” episode of American Idol
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IRVING Exxon Mobil Corporation announced today a donation of $10 million to anti-malaria efforts through the “Idol Gives Back” episode of the FOX-TV show American Idol, which airs tonight.
“We have a proud history of supporting the battle against malaria,” said Rex W. Tillerson, chairman and chief executive officer.
“ExxonMobil has thousands of workers in Africa, is one of the largest direct foreign investors in the continent, and knows very well the devastating impact of malaria and the need for action. We are pleased to support Idol Gives Back, which raises money to fight malaria and also helps to increase public awareness of this major health issue.”
The $10-million donation by ExxonMobil, the largest non-pharmaceutical corporate donor to malaria research and development efforts, will be directed to Malaria No More, a non-profit organization with the mission to end deaths due to malaria. Malaria No More works to increase knowledge of the disease among the public, policymakers and businesses while engaging individuals, organizations and corporations to provide life-saving bed nets and other critical interventions in the fight against malaria.
This is the second year that ExxonMobil has participated in Idol Gives Back, which raised over $76 million for charity in its first year in 2007. During that program, ExxonMobil provided a $3-million “challenge grant” that matched donations by viewers to Malaria No More.
Source: ExxonMobil
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Comments
John McClelland Verified
...considering Exxon's quarterly profit is $10 Billion+.....
6 months ago ( Link to this comment | Suggest removal )
Scott Doyle Verified
John, in case you missed it, there was much discussion on their profits back in February.
Come back to us Mike Mac!
6 months ago ( Link to this comment | Suggest removal )
John McClelland Verified
Yes I recall the discussion. Exxon's profits make my head hurt. But their profits also didn't help my 401K any, so I recently made some changes.
I guess my half line of snark was more to point out that $10 mil is a tiny tax write off for a company making 100x as much in profit in just one quarter. I've been sick and my brain wasn't functioning to write my usual diatribe.
I hear so much from my free market Libertarian minded friends who believe that we should simply rely on the kindness of other people or corporations to dole out money to the poor, rather than government programs. So based on this, if all Exxon can see fit to dole out is 1/100th of a quarterly profit, then the poor and dying are going to remain poor and dying.
Granted, Exxon may donate to other charities. I am not trying to single them out, but they're the topic at hand on this thread.
6 months ago ( Link to this comment | Suggest removal )
Rick Yost Verified
I agree with Mr. McClelland. I'm glad this is being done, I'm sure lives will be saved from it.
But benevolence goes out the window when stockholders are concerned. This is beneficial to their own employees, and their PR in general.
If they want to impress me, they should bring the price of oil back down to a reasonable level. They could certainly do that, make healthy donations to many charities and programs, and still have enough to think of themselves as omnipotent kings.
6 months ago ( Link to this comment | Suggest removal )
NerfHerder Anonymous
I'm sure I'll catch heck for this one, but here goes...
Forgive me for looking the proverbial gift horse in the mouth, but I think the people at Exxon should be shot for what works out to a beyond paltry donation. Let's do some math here:
Exxon's reported profit for 2007 - that's PROFIT people, i.e. the money they made AFTER expenses - was a whopping $44 billion. For ONE YEAR. That alone is entirely disgusting, but alas, I digress...
$10 million of that works out to 1/44th of 1% of said profit. That's what they're donating so nobly to the cause. They could, in fact, afford to buy everyone in Africa a mosquito net 5 times over and not even dent their previous years' profits... instead, they opt to pitch in 1/44th of 1% of what they soaked from the public in 2007.
To emphasize how pathetic this is, I ask you to take the financials of a middle class American - me - and work out a donation accordingly. After my expenses (which, ironically, include the skyrocketing prices of gas and heating oil) are taken out of what I made, you'd have my "profit" (except us consumers call it "expendable income"). If I got really, really liberal with that amount, then took 1/44th of 1% it, the producers at American Idol would get this from me:
A check for $2.73.
Now, we all know that I can afford to send "Idol Gives Back" more than $2.73. With a little scraping, I'm sure that ust about anybody in America, rich or poor, could find a way to scrape together this amount and donate it to a worthy cause. The point is that for ME to do so would be just a little bit insulting, no?
Yeh, $10 million is a lot more than $2.73. Or is it?
The truth is that I sent "Idol" $25. So let's reverse the math... if I can afford to send $25 - and I certainly can - then logic dictates that Exxon could afford to do the same percentage-wise, and donate $91,575,091. They didn't.
I'm sure they'll argue that they make other charitable donations. Well, so do I. But I still found a way to afford that $25. Oh, and PS: I didn't $%#! over the American public to do it.
5 months, 4 weeks ago ( Link to this comment | Suggest removal )
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