I spend about 5% of my annual income on donations to charities. How much does Sodexho Marriott spend?
We don’t have exact figures, so we’ll be generous and assume that it costs between $300,000 and $500,000 to provide about 100,000 meals (the actual figure is probably considerably lower, since unlike other hunger programs, the surplus food and delivery mechanism are already in place, not to mention the fact that Sodexho employees fund a large part of the program. By comparison, Sodexho Marriott’s annual revenues are just over $4 billion-which means that the company is spending one hundredth of one percent of its revenues to feed hungry children. Sodexho Alliance just spent fifteen times that amount (over $6 million) to take over control of private prison companies in Great Britain and Australia. In layman’s terms, it’s like a guy who earns $100,000 bragging that he gave $10 to charity last year.
Related Questions
- Why do average annual expenditures exceed income for some of the demographic groups? How can consumer units spend more than they earn?
- Does Sodexho Marriott spend more money publicizing its STOP Hunger program than it spends actually feeding people?
- Does Ronald McDonald House charities welcomes donations?
