Quote: Mintball "So in essence, 5% profit on revenues is not enough and hence the company need to try to completely Tescoify the world, with the bullying and everything else that enables this to be done.
It has nothing to do with individuals and/or communities; with health or sustainability.
And therein lies the problem.'"
It's a PLC - profit is a shareholder requirement, otherwise there'd be no dividend. It's economics.
Of course, you believe that it's nothing to do with individuals / communities / health / sustainability. Perhaps a read of the PLCs' Corporate Responsibility information may help. Details herehttps://www.tescoplc.com/index.asp?pageid
Headlines from this (for 12/13):-
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* Industry-leading performance in reducing CO2 emissions.
* 9.3m people involved in some form of activity via Tesco (eg. Race For Life / Tesco FA Football Skills / Aerobics, etc). Every evening on the car park at our Bangkok Head Office, I watch around 200 staff and customers doing aerobics to blaring music! This is replicated at every large-format store in the country.
* Staff and customer fundraising last year was >£13 million. The Charity of the Year was Cancer Research, and I believe that this is the largest single-business 12 month fundraising effort ever.
* At least 1% of pre-tax profits donated to charity in 12/13, in addition to the £13m to the Charity of the Year. £74.5m.
* This years Charity of the Year is Diabetes UK - we're after £15m!!
.....but, don't let the positives blur the negatives, hey?
