By and and and  on March 25, 2009

To give or not to give, that is the question.

As companies grapple with profit declines, budget cuts and layoffs, many are scrutinizing corporate giving and sponsorships. While firms like Kenneth Cole Productions and Michael Kors are keeping their corporate philanthropy relatively flat with 2008, others such as Liz Claiborne Inc. and Tommy Hilfiger are becoming much more selective and have reduced their budgets for charity events.

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