Leading CEOs Across the Country Signed a Statement that Mirrors What the Satell Institute Initiated, Advocates, and Quietly Financially Leads Concerning CSR
On August 20, 2019 the Business Roundtable, a group formed by the CEOs of America’s biggest companies to promote business interests, made a dramatic announcement. In its Statement on the Purpose of a Corporation signed by 181 of its 192 members, the Roundtable announced that it is shifting its purpose to include all its stakeholders: employees, customers, suppliers, communities in the broader society, as well as shareholders.
Why Nonprofits are “Heroes of our Society”
They improve the human condition in so many important ways that benefit business and the community. They seek solutions to the toughest human problems, frequently creating solutions the market or government can’t. And they work across the broad spectrum of global needs and wants, impacting all humans in some way.
The Meaning and Benefits to Society of Economic Liberty and Economic Freedom
Economic liberty is the freedom to purchase, trade and consume goods and services without the use of force, fraud or theft.
The Wall Street Journal recently published an article “When the Market Meets Morality” telling the positive story of Father Sirico, a parish priest preaching the virtues of economic freedom and why such free enterprise concepts benefit his parish of working-class people.
From top Business Executive to CEO of a Nonprofit, a fresh perspective on CSR
If not for a broken water main that flooded her street, Andrea Custis, in her role as a senior executive at Verizon, would have been at a meeting at the World Trade Center on 9/11. Tragically, she “lost people that day in both buildings—the Trade Center & the Pentagon” from that devastating terror attack.
Still, Andrea rushed to the scene the next day at the request of President George Bush. The President recognized the need to get the American Financial district back up, because “we need to send a message” — definitive proof to the world that the United States, while desolate, was not defeated.
Why Corporate Social Responsibility works for companies and the community
Entrepreneurs and entrepreneurial companies as well as professional organizations in a free market environment are motivated to solve problems. They do this by seeking to improve products, services and processes that are attractive to customers or employees or business performance or any combination. Interestingly, of the present Fortune 500 companies, only 58 were on the list in 1955. That’s because of innovation and “creative disruption” that continually rejuvenates the economy.
The Vision for Growth is Becoming a Reality – The Satell Institute Expands
In late 2017 Ed Satell shared his long-term vision with the Advisory Board of the Satell Institute for the Institute’s Membership goal of 10,000 companies and foundations supporting Corporate Social Responsibility (CSR) across the country. This would have a giving impact of over a billion dollars a year to nonprofits of the members’ choice.
Who is the historic founder of Corporate Social Responsibility? Why has it grown in importance?
It’s fascinating that many would give the nod to a man who also founded libraries, universities and contributed countless other initiatives and inventions that improved the modern world – Benjamin Franklin.
Why at the Satell Institute Organizations Pick Their Own Nonprofits to Support
One of the cardinal principles of the Satell Institute (SI) is that it is cause agnostic. It encourages corporate members to decide for themselves, from among the broad multitude of worthy nonprofits, how they wish to direct their corporate philanthropy.
Sandmeyer Steel commits to long-range nonprofit funding
Ronald Sandmeyer Jr., president of the Sandmeyer Steel Company, accepted the 2019 Member Company of the Year Award at the World Trade Center of Philadelphia’s 17th Annual World Trade Centers Day on May 15, 2019.
Early Role of CSR in Building Whole Foods to an $8 Billion Business
John Mackey spent several undistinguished years in college and left without a degree. But, after actualizing a life-long commitment to healthy nutrition and opening a small health food store, he did manage to successfully build that venture into a chain of stores we know as Whole Foods Market.