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NEWS: HOW BUSINESS IS RESPONDING... |
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Rand Davis, a Georgetown University graduate, partially inspired by a campus speech made by former CEO of Ben & Jerry's Ice Cream, Bob Holland in 1997, regarding the social responsibility of business, recently launched a new business model that may have a significant effect on how business is carried out and its responsibility to the world in which it operates. |
Firms worldwide- or, rather, their shareholders- are pouring money into tsunami relief. The big questions for them are: how much and in what form? The question "why?" seems to have been answered pretty easily: like individuals and governments around the world, many firms have been shaken into giving by the sheer scale of the disaster. |
Local businesses will pony up a significant chunk of change on Jan. 15 to help with tsunami relief. |
A Concert of Hope Expected to Rally Relief Funding |
Gov. Mike Huckabee on Wednesday said that any contributions made this month for tsunami relief efforts can be claimed on state tax returns filed for tax year 2004. |
"We just thought it was a corporate responsibility, personal responsibility
to contribute what we could to the relief effort. We think it's the right
thing to do," Chief Executive Officer Joe Mullen said. |
Global steel magnate Lakshmi N. Mittal has donated one million pounds to tsunami relief efforts in Asia, particularly in India and Indonesia. |
U.S. companies are expected to contribute hundreds of millions of dollars in relief aid to tsunami-hit Asia, but some may be slower to help because the sudden disaster struck during a holiday season, company executives and charity experts said Wednesday. |
Relief money and in-kind donations continue to pour in from the private sector. |
Melbourne-based Lonely Planet publications has donated $500,000, a sizeable donation for a small private company. Chief executive Judy Slatyer said in a year of booming profits corporations could afford to make substantial donations to victims. |
As the official death toll from the tsunami in southern Asia grew, tech players were offering any aid and support they could in response to devastation. |
Cisco Systems and its employees have donated $2.5 million for humanitarian relief and reconstruction projects for those affected by the earthquakes and the subsequent tsunamis that ravaged coastlines across South Asia, the company said Thursday. |
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Stories of Exceptional Business Response:
Entrepreneur, Angel of Mercy
by John Lancaster >>
WELIGAMA, Sri Lanka, Jan. 6 --
Thomas Gerbracht steered his canary-yellow 4x4 through the ravaged streets, past the smashed buildings, heaps of rubble and the sodden grove of palm trees where, on the first day, he saw the buses filled with dead. He stopped in front of a house and hailed a young woman sitting on the verandah.
"So how are things here?" he said, asking if the well that surprised her drinking water had been contaminated by surging sea.
"No good," the woman confirmed in broken English. "I no water."
The German-born Mr. Gebracht gave her a reassuring smile, promising to send a work crew- firefighters from Munich airport- to clean up the well in the morning." They have a pump," he explained before continuing his rounds...
Stories of Exceptional Response:
Case graduate creates relief effort for children orphaned by the tsunami
by Janet Roberts >>
Cleveland, Mar. 3 --
The tearful faces of orphaned children are driving Milan Dayalal (EMBA 2003) to tap into every bit of knowledge gained during his EMBA program at the Case Western Reserve University Weatherhead School of Management.
When the tsunami hit Sri Lanka on December 26, 2004, for Dayalal, a sales manager for ComDoc Inc. in Cleveland, it literally hit home. Dayalal came to the United States at age 18 from his birthplace in Colombo, Sri Lanka.
When Dayalal saw the horrific pictures of the tsunami and its aftermath he knew he wanted to help the 5,000 to 6,000 children orphaned by the disaster.
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