Co-op ready to share profits

In another good example why cooperatives are much better than the run of the mill corporation icCoventry is reporting that Midlands Co-operative Society has pledged to plough one percentage of its profits back into the communities that it serves. Wal-Mart, which is often considered a leading example of corporate charitable giving, gave about 0.89% of its profits to charity last year. In addition Midlands will give an additional couple of percentage points of charitable gift giving in certain communities to kick off its campaign.