Charitable Trust Investments

[PJ of Hildisvik]

Should the Charitable Trust be dealing with un-ethical companies, Bill Manson seems to be putting off the debate for as long as possible, perhaps they should spend some of our money in hiring Weber Shandwick super PR company to tell us why we need to invest in unfavourable companys to make us loads a money,,"luvly jubbly"

[oddtablet]

Mr Manson plans = ouch

[Para Handy]

Jonathan Wills an Co should keep there personal feelings to them selves or is he going to ask for all the money back that was wasted on fishing boats and salmon farms giving money for them were just as un-ethical as the ones he is braying on about he is there to represent the people who voted him on to the council and not his own political agenda they should be trying to have the Charitable Trust investment make as much interest as possible regardless how it is done

[paulb]

charitable trust should equal ethics.

anyhow those millions should be back on the shares now. so maybe flog them off and buy back when they crash next week.

not sure the charitable trust should be supporting arms/ tobacco companies, i cant see them investing in anymore salmon farming if they do they should be shot they seem to go bust to often. is there anyway we can find out how much they have lost to failed firms.

[Styles]

The money should be put in what ever brings the best return and is legal. Ethics should be for individuals and their own money, not the communities.

[crofter]

The shares should be cashed in and the money distributed to the people of Shetland. £200 for every year you have lived here should just about do it, and let each individual make their own ethical choices with what to spend it on.

[sheepshagger]

Ethics my ass investments in any company could seem unethical to some folk,

dairy farming unethical to veggies

medical unethical to jehovas

bp unethical to arabia terra in fact we should give the whole oil fund back if ethics were to play any part in it.

 

where do you draw the line?

[Fjool]

^ That's a good point. Everyone has their own idea about what's ethical.

The only way to keep things honest, then, is to ensure that the public are somehow involved in deciding.

 

Personally, I think we have a responsibility to help define 'ethical'. There are some things we can surely agree on?

[crofter]

[quote name="FjoolThe only way to keep things honest' date=' then, is to ensure that the public are somehow involved in deciding.

 

[/quote]

 

See my post above. Unsurpassable democracy!

[Fjool]

Only problem is that the money works much better in a large sum, rather than vanishing off south by way of t'internet and supermarkets.

[sheepshagger]

There are some things we can surely agree on?

 

and most things that we surely will not

[crofter]

Some of it would circulate in the local economy, at least for a while... CT "lost" some millions in the last few weeks - that's a lot of internet shopping!

[crofter]

Everybody in Alaska got a dividend of $3,269.00 this year. Their oil fund has shrunk a bit lately (likely due to the "credit crunch") but is still worth a cool $34,218,100,000.

 

http://www.apfc.org/home/Content/home/index.cfm

 

"JULY 28 - The Alaska Permanent Fund returned -3.6% for the fiscal year and ended June 30 with a balance of $35.9 billion after paying a $1.3 billion dividend, according to unaudited figures released Friday by the Corporation. The Fund began the fiscal year with an audited value of $37.8 billion. "

[sheepshagger]

funny how Alaska which is part of a country that recognises Udal law the oil fund stands in the billions where as here in Shetland where we are Udal but ruled by a feudal regime we only have 200 million.

something stinks and its not just the H2S

[MuckleJoannie]

Speaking about ethical investment there was a programme I saw on tv a few years ago about how the Mormons financed the development of Las Vegas. They didn't seem to bother about where the money came from as long as they got a good return on their investment.

http://www.liontv.co.uk/_london/productions/History/lasvegas.html

 

the remarkable story of how some of America's most religious people helped build the world's gambling Mecca in the desert which plays host to 30 million visitors a year.