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Warren Buffett
A critical look at the 'citizenship' of U.S. corporations

To the editor: There is a distinct difference between a corporation and a philanthropic organization. While a corporation's core objective is to enhance its shareholders' value, a philanthropic organization's value lies in fulfillment of a range of its defined social responsibilities. In today's dynamics of a progressive global society, one cannot deny the pertinent need of having a robust corporate structure along with vibrant nonprofit social organizations. ("Does the 'good corporate citizen' get a say in the political process?," Editorial, Dec. 30) However, the general credibility of mega-corporations is intricately linked to their role in the...

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