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Looking closely at LDS Church businesses, finances

Published: Thursday, July 12 2012 6:00 p.m. MDT

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Wasatch Front, UT

From disgruntled, former LDS persons with prominent mention, to selection of quotes from Bishop McMullin to Sherri Dew made to put them and their beliefs and attitudes in the worst possible light, to the mention of the ruby ring, to the quote that was made to make President Monson sound as materialistic as possible, to the complete lack of balance in the church's use of its resources, this article was a political assassination of the church. It was unbalanced, unfair, and driven by a one-sided agenda. Shame on business week for publishing this trash and pretending it is news.

Brave Sir Robin
San Diego, CA

RIP journalistic integrity...

Full-on double rainbow
Bluffdale, UT

I have heard it said that sunlight is a great disinfectant. Why not be more transparent with the financials? Put the naysayers in their place right?

no fit in SG
St.George, Utah

Utah...Please quit pretending that the LDS Church and it's members did not know this sort of thing would be happening. With Mitt Romney running for President of the United States, each and every day is full of new information. Some of it may not be of your liking.
As numerous posters have advised Mormons this past year, "Buckle up, it's going to be a rough ride".

Cache county, USA

Keep ripping, cause my faith grows just stronger and stronger.
The devils workshop.

Otis Spurlock
Ogden, UT

You can buy anything in this world for money.

Full-on double rainbow
Bluffdale, UT

"You can buy anything in this world for money."

Silly devil, you can't buy love. Even the beatles knew that.

Wasatch Front, UT

This article makes "fair and balanced" actually seem fair AND balanced. They should rename their magazine "Business Weak". The tone of this article and the quote selection where obviously supportive of the political agenda of the writer and perhaps the editor, or some other influential person on staff. It is sad that journalism has taken such an ugly turn toward the unprofessional.

San Francisco, CA

What an interesting time for such a hitpiece to show up, 4 months before the election. It wasn't hard to figure it would be a hitpiece, when I saw who was quoted early on.

The statement from Mr. Eccles of the Governor’s Office was elucidating, regardless of how one feels about this "vast financial empire." He said, "They run their businesses like businesses, no bones about it."

Clearly, the author used that quote to make the Church seem overly obsessed with the temporal and materialistic.

But what is so bad about running businesses like businesses? Imagine a society where everyone ran their personal finances, households, schools, companies, nonprofits, and other stewardships the way a well-run business should be run. What if everyone made the best use of time, money, and materials, cared for their human resources, created the best possible product in the most efficient way, with the smallest possible impact on the environment? What if everyone stayed within their means and out of debt. What if GOVERNMENT did all that! (We may never know, because government never does).

I will eagerly wait to see if Businessweek endorses a presidential candidate.

Provo, UT

Check out the info graphic on the article page-- Crosses? Once again ignorance rears it's unprepared head

Johnny Triumph
American Fork, UT

I don't like the idea of my religion's images portrayed in such a way but BusinessWeek has a history of bad covers (look up the one for the United/Continental merger). Interesting to note that the Church did not respond to that but to the content of the story. The cover is merely there to sell issues and won't mean anything to anyone typical, most will not know what the image is.

Spanish Fork, UT

"Honi soit qui mali ponce." A phrase the haters of anything, especially toward what others consider sacred.

I don't care if the LDS Church is loaded -- they have a long history of generously helping others and a hugely positively (correctly) history of providing the welfare to members. Think how much in taxes they save us.

Again, shame to those who think evil.


It was interesting to me how the article demonized the church for being smart and industrious with its resources. I'm not sure why that would be offensive.

The dishonesty shown by the author's glaring omission of all the charity distributed at the level of individual congregations reveals an agenda other than simply providing information about the financial status and dealings of the church.

Someone reading the article who knows nothing about the church might be led to think that there was some greedy group of billionaires in the church hierarchy who were exploiting tithing dollars to line their pockets. No individual, in or out of the church, is getting rich from church tithes.

DN Subscriber
Cottonwood Heights, UT

It is an amazing coincidence that with the LDS Church having a history stretching back more than a hundred years, that this week, of all possible times, a mainstream media publication feels it necessary to probe into LDS Church matters.

I am certain that they will deny that it has anything at all to do with trying to tarnish the image of a certain prominent member of the LDS church, who just happens to have a business background.

But, they will have successfully planted the seed, or nurtured one planted by other scurrilous parties to leave the impression that LDS individuals, as well as their church are not to be trusted.

I wonder if the fish wrap that published this bothered to check into the business practices, or any other activities of Trinity United Church of Christ, attended for more than 20 years by the other party's candidate. No, they did not.

As Paul Harvey used to say, "How do you unring a bell?" The media has been pushing lie after lie after lie (to use an old Ted Kennedy phrase) about Romney, and I am disgusted by their actions.

LDS church business operations are their business.


Apparently it was decided long ago that religion is fair game, let us not forget the scrutiny, criticism of Jeremiah Wright and the Trinity United Church of Christ. Black Liberation Theology? Anybody remember? The controversy sparked continuous media coverage, on both national media outlets and local sources. More than 3,000 news stories had been written on the issue by early April. Obama also was questioned about Wright in a debate.

Ho hum.

South Jordan, UT

I think the transparency thing is funny. The church releases all the financial information required of it by law. Why does the article then make it sound like the church is hiding something? Nothing is hidden. If they don't like the information required by law then they should take that problem up with the financial regulatory bodies that make the laws not the church because the church just supplies the information required of it by law. This is one of many logical fallacies committed by this article, let alone one of the many violations of the principles of good media.

Cottonwood Heights, UT

I think the cover is hilarious. Come on Utah have a sense of humor. You still get to go to bed at night knowing you belong to the one true church.

Lehi, UT

It is always interesting to see the hired, daily anti-Mormons dishonestly maligning, but it is sad when a mainstream media source has to stoop to such things to get their man re-elected. I'm an undecided voter, but, when I see daily, that they have have nothing to offer this sort of thing, it only turns me away from the dishonest haters, and to the light.. : )

According to many, LDS are among the most charitable of people, giving billions of hours, dollars, and so on to all God's children in need. Sometimes Mormons have been the single largest donors (more than aid concerts, liberals, conservatives, etc.)

More Americans are on government welfare than ever before, but, not Mormons. Even Maher says there are no poor Mormons. If he’s right it is astounding, and not just because he’s never been right about Mormons before. Most Mormons live outside of the U.S. but LDS are focus on education, job skills, and so on. Mormons have many wonderful programs for those in need, they donate billions in time and money to making and distributing food, but, more importantly, on keeping people from needing handouts.

Lifelong Republican
Orem, UT

Romney and the LDS church simply need to stop apologizing for being wealthy. The church does much good with its money and so does Romney. They need to come out and say "we are an example of what happens when you are obedient to the Lord and use his money for doing good" or something to that effect.

The Dems want someone to apologize because they became wealthy?


Draper, UT

And print publications wonder why their subscriptions and readership are in free-fall.This is a travesty that the Church should protest in the strongest of terms. Can you imagine what would happen if this same rag charactured Islam or the Jewish faith with the same irreverence and disregard for decency?

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