In the aftermath of a wave of criticism, his company collapsed.
One breast cancer charity that parted ways with Mr. Pallotta began producing its own fund-raising walks, but the net sum raised by those walks for breast cancer research plummeted from $71 million to $11 million.
But because his company collapsed, the true comparison figure that Mr. Pallotta raised became $0 million. As a business, it didn't succeed. And he's blaming the world. People often give to charities to feel charitable, and having a profit-motive undermines that - even if the result is that less money is raised. This is because people making donations are often fulfilling a need to give and help people - not by what is best for those being helped. The latter requires a kind of ruthless saint, quite different from the human motivation of brotherly love.
In contrast, ordinary businesses helps people, or else no one would give them money. A fantastic example of this is Grameen Bank "microcredit": http://www.grameen-info.org/index.php?option=com_content&... Usury (interest for credit) has got to be pretty much the opposite of charity, yet it seems to do tremendous good.
One breast cancer charity that parted ways with Mr. Pallotta began producing its own fund-raising walks, but the net sum raised by those walks for breast cancer research plummeted from $71 million to $11 million.
But because his company collapsed, the true comparison figure that Mr. Pallotta raised became $0 million. As a business, it didn't succeed. And he's blaming the world. People often give to charities to feel charitable, and having a profit-motive undermines that - even if the result is that less money is raised. This is because people making donations are often fulfilling a need to give and help people - not by what is best for those being helped. The latter requires a kind of ruthless saint, quite different from the human motivation of brotherly love.
In contrast, ordinary businesses helps people, or else no one would give them money. A fantastic example of this is Grameen Bank "microcredit": http://www.grameen-info.org/index.php?option=com_content&... Usury (interest for credit) has got to be pretty much the opposite of charity, yet it seems to do tremendous good.