J.R.’s Zaphne Blog News for 01-29-2018

Compassionate Capitalism

Foundations in Florida and around the United States have not held their end of the bargain. Florida is one of the most which Florida’s ten largest foundations are giving grants to depends on all its communities receiving equal minority-led organizations. Some background information on Florida’s Florida’s minority population increased by 4.6 philanthropic community and percent from 2000-2006.1 Not only has the recommendations for some next steps that minority population continued to grow, but so foundation leaders and community leaders can has the number of minority-owned businesses. Purpose The primary focus of this study was to quantify the Three of Florida’s top foundations focus solely on percentage of domestic grants awarded by Florida’s top education grants, one gives grants to organizations in ten foundations to minority-led Israel only, and another has willed restrictions as to which nonprofit organizations in 2006. Recommendations Florida’s increasing diversity provides an opportunity for Background on Florida Foundations The Foundation Center’s report, Key Facts on Florida the state’s top foundations to increase their grant-giving Foundations reports that 3,874 foundations headquartered many of the top foundations’ grant dollars are leaving the in Florida held more than $19.2 billion in assets in 2006. To increase the level of philanthropic investment in The majority of Florida’s foundations are small; 62% of Florida: to minority-led nonprofits. Foundations should track diversity information for They are also relatively young; half of all Florida foundations have been established since 1995. Foundations should work together with the leaders of organizations by Florida’s top ten foundations was 5.48 minority-led nonprofits to work together and create a percent of its grants and 6.98 percent of its grant dollars. Introduce legislation in Florida to mandate transparency in foundation diversity. Greenlining defines a foundations, each foundation was contacted 50% or more of the organization’s staff through a mailed letter, asking for their input consists of minorities, on the study. Out of the ten foundations We present in this report the percentage of all contacted, only one, the Jessie Ball DuPont grant dollars given by each foundation in 2006 Fund, agreed to participate in the survey. Limited to, the grantee organization and the amount of the grant was obtained from each When categorizing the organizations grants foundation’s publicly-available 990-PF tax given to government agencies, universities, forms.

Keywords: [“Foundation”,”Florida”,”Organization”]
Source: http://www.fmcrc.org/greenliningfloridafoundationstudy.pdf

Mother Teresa’s Ferrari

What if Mother Teresa drove a Ferrari? That’s the premise of an essay by D. A. Wallach to support his claim that compassionate capitalism is a scam. I’ve thought a great deal about compassionate capitalism and its many synonyms, what it means and how we who are critical of it ought to respond. If your goal is to galvanize the public into action, to provoke them into opposition to, for example, compassionate capitalism, the surest way is to frame your argument to appeal to values that are widely held among your audience. If compassionate capitalism contravenes these values, it will presumably generate outrage, calls for reform, boycotts, and other forms of activism, and you as a writer can feel good knowing that you are making a difference. If you as an opponent of compassionate capitalism can identify an obvious value among the public that would encourage their opposition, you can be fairly certain that proponents of compassionate capitalism have also identified it, and are well prepared with counter arguments. Compassionate capitalists have a response at the ready: doesn’t this social convention limit the amount of good that can be done in the world? Does it really make sense to be more forgiving of someone who bought a Ferrari through stock market speculation than someone who did it by giving millions to the poor? Only a theologian would suggest otherwise. The rhetoric of compassionate capitalism seeks to remove the traditional wall between altruism and egotism, allowing non-profits to become more like conventional businesses without hurting their “Brand equity” as charitable endeavors. What’s interesting about this is that it’s a generic statement about how capitalism works, but it’s invoked as if it’s a distinctive feature of compassionate capitalism. The emphasis on greed mischaracterizes the nature of capitalism, and in an abstract debate about whether capitalism is good or not, it would be rejected by its defenders as inaccurate and unfair. The socially conscious entrepreneur concedes this caricature and then claims “But I have created a new, more compassionate version!” And what is this new version? Simply capitalism as it has always been practiced, but now with an aura of virtue and progress for seeming to have reformed itself. Compassionate capitalism moves us backwards. Even if its philanthropic efforts are genuine and sincere, capitalism practiced out of compassion is worse than the self-interested version because it weakens our ability to address the root causes of pressing social problems.

Keywords: [“capitalism”,”compassionate”,”non-profit”]
Source: http://www.metareader.org/post/mother-teresas-ferrari.html

Some exceptional governments have adopted public policies that have alleviated the economic disparity in their communities by combining strategies and ideologies from two diverse political systems: capitalism and socialism. The information used for the study is based on the most recent international reports and global circumstances of the international economic system; it is focused on global wealth distribution, income distribution, economic growth and development and the social patterns associated with them. 3.1 The concepts: Economic Growth and Development Every nation in the world seeks to create, promote, and improve social development for their societies. Economic growth may im mply improvem ment in humann developmentt as well, but m mainly under ciircumstances where w economic income is resoourcefully channneled into groowth of humann welfare. If we look at the scoppe of this economic theory on a smaller scalle, we see how w capitalism prromotes the huuge economic disparity betw ween rich and poor people. On the one hand, they can have great assets in terms of productivity and/or economic efficiency – bringing them closer to the northern scale – while, on the other hand, they face other vulnerability factors, which causes them to remain significantly behind the north, and therefore, more related to the underdeveloped world. The world has resorted to a co-dependent, cyclical economic structure that only “Works” in terms of domination – subordination co-relations. Demographic explosion, mass migration, and ageing are direct consequences of capitalism, and they empower economic inequality. What capitalism once reaped as human benefits are now becoming the critical dilemmas that must be solved in order to allow the economic system to survive. 2, No. 4; 2017 why we insist on the imperative necessity for economic intervention from the state: it is the only way to diminish corporate power and cause compassionate capitalism to flourish. In the wake of the 21st century, Tobin´s proposal was again taken up by those against free trade and globalization, referring to it as a feasible alternative for driving development, alleviating economic scarcity and global income distribution disparity. At the same time, the Economic Commission for Latin America and the Caribbean backed the idea of a global financial and/or monetary transaction taxation, which would begin profoundly reforming the international financial system and its institutions, diminishing financial vulnerability and maintaining stability.

Keywords: [“economic”,”capitalism”,”world”]
Source: http://journal.julypress.com/index.php/ajsss/article/download/262/212

J.R.’s Zaphne Blog News for 01-29-2018

Compassionate Capitalism-Part 1

Schwab Foundation for Social Entrepreneurship

Through “Compassionate capitalism”, David Green works to provide high-quality, affordable medical technology and healthcare to the poor. Background David Green has long been at the vanguard of global efforts to make medical technology and healthcare services sustainable, affordable and accessible to all, particularly to the poorer two-thirds of humanity. His most significant work is the development of an economic paradigm he calls “Humanized capitalism”, for making healthcare products and services available and affordable to the poor. This paradigm uses production capacity and surplus revenue to serve all economic strata, rich and poor, in a way that is both financially self-sustaining and affordable to all members of society. Aurolab is one of the world’s largest manufacturers of intraocular lenses, which are surgically implanted in the eye to replace the cloudy lens during cataract surgery. Green helped develop high-volume, quality eyecare programmes that are affordable to the poor and self-sustaining from user fees. Green replicated this cost recovery model in Nepal, Malawi, Egypt, Guatemala, El Salvador, Tibet, Tanzania and Kenya, and has assisted other institutions in providing sustainability planning services and training, such as the Al Noor Foundation in Egypt and the Lions Aravind Institute for Community Ophthalmology in India. He collaborated with the International Agency for Prevention of Blindness, Ashoka and Deutsche Bank to create an “Eye Fund” that provides US$ 15 million in affordable loan financing for sustainable eye care programmes and a related US$ 1.5 million capacity building grant fund. He co-founded the Oxford Lotus Health Fund, which will invest in making healthcare equitable and sustainable in developing countries, and is a vice-President of Ashoka, where he leads an initiative to make solar energy affordable to low income communities. He works with Pacific Vision Foundation to develop an eye hospital serving northern California where revenues from insured patients cover costs of the uninsured, and collaborates with Grameen Health in Bangladesh to develop eye hospitals. He developed the social enterprise company Quantum Catch to develop affordable retinal imaging for eye disease detection and monitoring, and a non-invasive method for monitoring glucose levels for diabetics. Recently he has focused on making good hearing affordable and accessible as a co-founder of Conversion Sound, which developed an affordable high-quality digital hearing device with a novel, “De-medicalized” way for hearing devices to be fitted by non-medical technicians or directly by the consumer.

Keywords: [“affordable”,”eye”,”Green”]
Source: http://www.schwabfound.org/content/david-green

Benioff: USA needs ‘compassionate capitalism’

Salesforce CEO Marc Benioff, show here at the company’s Dreamforce conference last year, has rallied dozens of tech CEOs to oppose a religious freedom law in Indiana that they feel discriminates against gays and lesbians and hurts recruiting. “Just look at that,” Benioff, 50, tells USA TODAY, gesturing at the majestic view. Last week, Benioff led a group of tech CEOs in opposing Indiana’s new Religious Freedom Restoration Act on the grounds that it was both discriminatory toward gays and lesbians and harmful to business-recruiting efforts. As Republican Gov. Mike Pence struggled to tweak the bill’s language – supporters sought legal protection for business owners if they denied services to the LGBT community based on religious beliefs – Benioff urged his customers to avoid the state and offered relocation checks for employees. In a wide-ranging conversation that name-checks Neil Young, Jeb Bush and Larry Ellison, Benioff makes clear that he’s both inspired and shocked by how events have unfolded since his first incensed tweet on March 26.”We’ve been out there attracting attention and operating on a scale we’re not used to, and I have to say it’s not a comfortable feeling,” he says in a soft voice that belies his towering size. “In the future, before people do something like this, they’re going to have to look for the business community’s support,” says Benioff, leaning forward. He calls Benioff, who is 6-foot-5, “The tip of the spear who can rally his friends when he needs to. Marc has a big personality to match his physical presence, and he’s fundamentally trying to do good.” Stoppelman credits Benioff with persuading him to have Yelp adopt a version of Salesforce’s 1-1-1 giving strategy, where 1% of the company’s equity, product and employee time is donated to the local community. Salesforce CEO Marc Benioff and his wife, Lynne, have donated $200 million to a leading Bay Area children’s hospital, one of many such donations across a range of local agencies. Benioff goes on admiringly about Walmart CEO Doug McMillon, who is urging Arkansas Gov. Asa Hutchinson, a Republican, to veto a law similar to Indiana’s, saying it “Undermines the spirit of inclusion.” Marc Benioff welcomes his friend musician Neil Young to Salesforce’s Dreamforce conference last year. A Salesforce pulpit will allow Benioff to spread his gospel well beyond the Bay Area.”Neil can inspire millions with his music, but here we managed to do that last week through, of all things, business,” he says, a hint of genuine surprise in his voice.

Keywords: [“Benioff”,”CEO”,”business”]
Source: https://www.usatoday.com/story/tech/2015/04/04/marc-benioff-indiana-religious-freedom-law-usa-today-exclusive-interview/25258395/

J.R.’s Zaphne Blog News for 01-29-2018

Compassionate Capitalism

Amway – Compassionate Capitalism

Eddie Edvis would be very happy for you to join him in his Amway network but would nevertheless be equally happy should you choose to join your friend’s network. Why Eddie Edvis Does Amway:There will be a thousand-and-one reasons why those who do Amway do Amway but at the end of the day, despite whatever else anyone may say, it all comes down to $-money, but even as that is so, and even within the money reason, there can be a number secondary motivators that drive the primary $-motivator and, in this write-up, I would like to examine some of those and hopefully dispel some of the negatives that prevent many from coming forth to declare themselves an accredited Amway IBO like I have. Amway is not necessarily just for the downtroddened, the down-and-outers. Within my group, there are highly successful and publicly-recognised businessmen as there are university professors, professionals and academics and even government scholars who turn down imminent promotions on completion of their bonds, resign and do Amway full-time. The most successful Amway distributor in Malaysia, where Amway has been operating 35 years, is a durian seller and he is not even English-educated !I am happy and proud to be identified as an Amway IBO and I exhibit a little sign identifying myself as such on the door to my apartment at home, as I am allowed to do. Yes, Amway is a multi-level marketing company but it is not pyramidal and it is not illegal. There are some amazing stories from the annals of Amway’s Malaysian history of IBOs who have worked and built their networks but who either have passed on, or, have stopped working the network and migrated overseas where either the deceased ‘s beneficiaries enjoy the benefits of the network that’s bequest them and which continues to grow of its own or continue to enjoy the fruits of their earlier labor from their new home overseas. Today, in Singapore, after having been here since 2002, with islandwide revenues in the mid S$40m, Amway is recognized as an exemplary corporate citizen and has received letters of commendation from Prime Minister, Mr Lee Hsien Loong, recognizing it for its contributions to the wider community and especially for its sponsorships of the recently concluded and successful inaugural Youth Olympic Games. In Singapore, Amway has a 500-item product range which is increasing right at the moment as the company prepares to go onto online 3rd-party product marketing. Worldwide, Amway has been in business 52 years, having been incorporated in the US in 1959. Eddie Edvis sincerely hopes you have read the above carefully and that you will resolve to consider and possibly join Amway. As indicated above, I would be, of course, very happy should you choose to join me in my network but I would be equally happy should you prefer to join Amway through someone else’s network – but do give Amway a go.

Keywords: [“Amway”,”network”,”IBO”]
Source: http://edvismafia.com/amway-compassionate-capitalism/

Infosys’ NR Narayana Murthy has now taken to publicly embarrassing the very firm he founded over salary rows

Barely two months after the company’s first public boardroom brawl, Infosys co-founder NR Narayana Murthy is back at it again. Making a case for “Compassionate capitalism,” Murthy on April 03 argued that senior-level executives have to “Fight for maintaining a reasonable ratio between the lowest salary and the highest salary in a corporation in a poor country like India.” Citing his own example, Murthy wrote in a letter to prominent media houses that he took a deep salary cut when Infosys was founded, but chose to pay lower-level employees higher wages than their previous jobs and offered them “Huge equity compensation.” Murthy was responding to the Infosys board’s recent approval of a pay hike for chief operating officer UB Pravin Rao. At its Feb. 23 meeting, the board included an annual fixed compensation of Rs4.62 crore and variable compensation of Rs3.88 crore as well as stock compensation worth Rs4 crore based on Rao’s performance. Murthy was not on board with the raise and made his discontent more than apparent in a public letter. V Balakrishnan, a former chief financial officer at Infosys, echoed Murthy’s sentiments, saying that a pay hike for top-level employees is “Terrible for any leadership to do” when they are asking subordinates to “Sacrifice” wages. “It is highly uncalled for. He is making a mountain out of [a molehill]. If we compare the hike in salary of Pravin Rao with the industry peers, it is not very high,” Ican Investment founder and chairman Anil Singhvi said. “To say now that we always took very low salaries and all that is all humbug. Those were the different days and he had a huge amount of shares in the company.” Singhvi added that Rao is being paid in accordance with “His professional competencies and what peer-compensation packages would be” and the media should “Ignore” Murthy. While acknowledging the “Important feedback” from Murthy, Infosys defended its decision, saying the cash component of Rao’s compensation had been sliced from Rs5.2 crore to Rs4.6 crore, according to Mint. The hullabaloo over Rao’s salary is yet another sign that Murthy and other co-founders may have bid adieu to India’s second-largest technology company in 2014 but they aren’t done commenting on how things are run. This wasn’t the first time that the founders put the company’s reputation on the line by running it down publicly. They raised issue over the hefty Rs49 crore salary paid to CEO Vishal Sikka and the generous severance packages for former CFO Rajiv Bansal and former chief compliance officer David Kennedy.

Keywords: [“Murthy”,”salary”,”Rao”]
Source: https://qz.com/948537/infosys-nr-narayana-murthy-has-now-taken-to-publicly-embarrassing-the-very-firm-he-founded-over-salary-rows/

J.R.’s Zaphne Blog News for 01-29-2018

Compassionate Capitalism: A Judeo-Christian Value by Harold Eberle

In Compassionate Capitalism, Salesforce.com’s CEO Marc Benioff and veteran journalist Karen Southwick describe a new model of philanthropy that is so ingrained into every fiber of a company’s existence that it becomes integral to the company’s culture and a part of what holds the corporation together. Employees must be convinced that senior management is truly dedicated to the notion of philanthropy and will not somehow penalize those who don’t spend every waking hour either working or thinking about the company’s products and marketing. Philanthropy can play a vital role in a company’s effort to stay viable by attracting the types of employees and customers and other stakeholders who value a whole company and a full life. In the first, philanthropy never really becomes part of the culture, but is based on the CEO’s whim and can be turned off or on depending on his or her devotion to Leadership From the Top How does a firm establish a culture of philanthropy? As with any company cultural issue, leadership must come from the top. Start Small Smaller companies have to get real about what they can do in terms of philanthropy. Maintain Philanthropy Through Tough Times The real measure of a corporation’s commitment to philanthropy happens when the company runs into trouble: Profits are falling or nonexistent, revenues may be shrinking, layoffs are occurring, employees are demoralized, and management is scrambling to meet financial targets. Philanthropy may be even more important to a corporation during these kinds of times, as a signal to employees, customers, partners and other stakeholders that things will get better, and the company is taking a long-term view of the world that includes community service. Gerstner shifted IBM from a “Products” company to a “Solutions” company, focusing on making things work together for its customers. At companies for whom philanthropy is a core value, performance of service within the community only enhances performance at the corporation. Look at the Whole World Companies must look at the whole world as their potential community, and then thoughtfully select areas where their philanthropy is most needed and can have the greatest impact, based on their mission and program focus areas. Soundview Executive Book Summaries Compassionate Capitalism – SUMMARY Strategic Philanthropy How much should a company exploit the public relations benefits of doing good? Some companies prefer to do what they call “Pure philanthropy,” which they consider philanthropy that does not have a marketing component built in. “Collaboration is a powerful model,” says Jeff Swartz, president of the Timberland Co. “We invite our suppliers to serve with us. We invite other companies. I believe small companies can be big companies by applying this model of leverage and engagement. It’s an opportunity to access joy.” 2.

Keywords: [“company”,”philanthropy”,”employee”]
Source: https://www.qaasoo.com/wp-content/uploads/2017/09/Compassionate-Capitalism.pdf

The Free-Market Fantasy

Since 1980 his heart has led him to create and run Whole Foods Market – “a store that sells healthy food to people and provides good jobs.” More recently, Mackey has embarked on a grander mission: “To liberate the extraordinary power of business and capitalism to create a world in which all people live lives full of prosperity, love, and creativity – a world of compassion, freedom, and prosperity.” Sure, companies have been misbehaving recently, but before we throw the baby out with the bathwater, Mackey implores us to remember that most of the wonderful things we have in the world, like cars, computers, antibiotics, and the Internet, are a product of free markets, not “Government edict.” The “Wondrous technologies that have shrunk time and distance” and freed us from “Mindless drudgery” have become possible only because of free market capitalism – “Unquestionably the greatest system for innovation and social cooperation that has ever existed.” Departing from the dominant idea that states have retreated from the market over the past three decades, Mackey argues states have become more interventionist than ever, and that in the process they have “Fostered a mutant form of capitalism called crony capitalism” that is to blame for many of the problems societies face today. As economic historian Karl Polanyi argued decades ago, capitalist markets are a product of state engineering, not nature. The history of industrial development in the United States, often considered the epicenter of free markets, demonstrates the political nature of markets. The history of market formation in the United States reveals an industrial structure supplied by goods and capital extracted from slave labor and facilitated through a state-sponsored, genocidal land grab. Far-reaching government legislation protected domestic markets and infant industries from external competition, and federal and state governments played a central role in the development of physical infrastructure and the creation of huge bodies of agricultural and industrial knowledge – all essential elements in the genesis of American industrial capitalism. At the same time, society’s greatest inventions and innovations of the past two hundred years – rockets to the moon, penicillin, computers, the Internet – were not bestowed upon us by lone entrepreneurs and firms operating in free markets under conditions of healthy competition. Companies produce influential innovations, but so do other institutions that operate outside the confines of the profit motive, competitive markets, and the bottom line. Designating the market as natural and the state as unnatural is a convenient fiction for those wedded to the status quo. Free markets don’t exist and other institutions like states clearly matter. Free markets don’t exist, but maybe corporations are still the best, most sensible, way to heal the planet.

Keywords: [“Market”,”capitalism”,”Mackey”]
Source: https://www.jacobinmag.com/2015/04/free-market-conscious-capitalism-government

J.R.’s Zaphne Blog News for 01-29-2018

Compassionate Capitalist

Once one of Atlanta’s most desirable locations when it was built in 1964, Shamrock Gardens had lost its sense of community by the time Managing Partners Brent Sobol and Robert Holtackers of TORO Properties Group purchased w w w. n a a h q. o r g the ailing property in October 2006. Just two years later, the results of the TORO team’s turnaround are a stark contrast from the original community it acquired. After a $1.5 million renovation and repositioning, Shamrock now boasts amenities including a community center, a renovated playground, upgraded landscaping and onsite daycare. The secret to TORO’s success at Shamrock Gardens was not luck, but rather a combination of a proven turnaround process and a passion for improving people’s lives through re-building communities. “So we started focusing on multifamily and sold the HomeVestors franchise in 2006.” Creating Community It was Holtackers who first spotted the 118-unit, 1960s brick apartment community in a newspaper ad. Towers Garden, located in Decatur, Ga., was a community in much need of a transformation. Using only private funds, the TORO team took the severely neglected, crime-infested property with poor financial performance to a fully occupied, well-kept affordable housing community with a return on investment of 300 percent. W w w. n a a h q. o r g After “They have told us that when we take on a project, they like that we strive to change people’s lives for the better. We call it the ‘double bottom line.’ There is the ROI, but there is also the more intangible, less quantifiable benefit to the four partners.” “You can learn what is important to the residents and incentivize them to care about the community and foster a sense of community spirit.” Robert Holtackers Managing Partner, TORO Properties Group The Going Gets Tough Repositioning a community is a process fraught with unexpected roadblocks and challenges, and Shamrock Gardens was no exception. Soon after acquiring the property in the fall of 2006, the TORO team realized it had underestimated the level of crime that had permeated the community. “Too many developers are willing to walk away when they hit a speed bump. We felt a sense of commitment to our residents, employees, community and financial partner.” By fall 2007, the team reaped the fruit of their labor with improvement on all fronts. “The first phase is damage control and assessment. The second phase is the heavy lifting and implementing the business plan. That takes the longest. The third is stabilization, where you look to improve the processes so when another buyer eventually takes over, it runs like a well-oiled machine.” Today, Sobol and Holtackers have implemented the third phase of the process for Shamrock Gardens and are in discussions with prospective buyers for the community. Several community leaders and some of the prospective buyers have urged Sobol and Holtackers to continue managing the community after the ownership change. 48 UNITS December 2008 Atlanta and keep Shamrock Gardens as a shining example of a transformed and vibrant community.

Keywords: [“community”,”Sobol”,”Holtackers”]
Source: https://toroproperties.com/documents/capitalists.pdf

What is Compassionate Capitalism and Why We Need it in These Times of Planetary Crisis ?

What is Compassionate Capitalism and What Does it Entail for us? This form of capitalism which is sometimes called Compassionate Capitalism or Capitalism with a human face is finding many takers both in the developed Western world and in the developing and emerging world in Asia and Latin America. Compassionate Capitalism means that corporations have to account for the costs that they impose on the environment, the communities that lie in the vicinity of their factories and plants as well as offices, their employees whom they have to treat with more kindness, and the consumers and other stakeholders to whom they must be accountable. In other words, corporations must practice a variety of capitalism that is more humane, compassionate, and just and fair. Thus, Compassionate Capitalism not only needs a complete rethink of the existing paradigm of profit before people but also needs a retooling of the principles underpinning it to place people before profit. The proponents of Compassionate Capitalism make a case for not externalizing the environmental and ecological damages that corporations which mean that such damages should no longer be treated as “External” to the costs of doing business and hence, not needing to be included in the costs of doing business. While this might seem idealistic and Utopian, it needs to be mentioned that in these times of planetary crisis where the Climate Change is threatening the very existence of civilization, where gross income inequalities and the obscene wealth gap is leading to social unrest, and where the ever accelerating technological change threatens the social contract on which our relations with the world are based, Compassionate Capitalism is no longer an abstract and remote concept, but something that we need on an urgent basis. Having said that, there are those and who are in the majority at the moment, who dismiss all this talk of Compassionate Capitalism as Hot Air or Bombastic and Ideological nonsense that does not take into account the ground realities of how capitalism and business work. When one compares and contrasts the arguments for and against Compassionate Capitalism, we find that there is much Hubris among those who oppose this form of capitalism, and much Naivet, among those who support it. The point to be noted is that we are now at a stage where a New Narrative has to emerge that can hopefully reconcile the differences between the dominant model and the minority view that espouses Compassionate Capitalism. This means that we need the case for Compassionate Capitalism to arise from within the ranks of those who practice capitalism and not from those who are well meaning but not in a position to change the Status Quo. Already, this is happening to a certain extent in the West and East as well with prominent Technology Sector business leaders such as Bill Gates, N R Narayana Murthy, Elon Musk, and Mark Zuckerberg, espousing some or more of the strands of Compassionate Capitalism ideology and coming in support of Basic Income for All, Protecting the Environment, Reducing Inequality, and batting for more Gender Inclusivity.

Keywords: [“Capitalism”,”business”,”Compassionate”]
Source: https://managementstudyguide.com/compassionate-capitalism.htm

J.R.’s Zaphne Blog News for 01-29-2018

How compassionate sharing can give rise to Conscious Capitalism | Gaur Gopal Das | TEDxIIMRanchi

Did Amway Create the Gig Economy?

Jim Ayres, head of business operations for Amway in North America, says direct selling isn’t just a gig, but one of the best gigs out there. The only people to echo Amway’s claims are gig economy workers themselves: search “Amway” on Uberpeople, a popular forum for Uber and other rideshare app drivers, and hundreds of threads pop up. Amway has always noted that signing up distributors carries no monetary bonus, and that signing up distributors is not necessary to earn a profit with Amway. In his autobiography, Amway co-founder Jay Van Andel sneered at the people who lose money through Amway, blaming it on their purchase of expensive video equipment to help sell goods. Amway pioneered a way to package that arms-length relationship between a company and its workers, and the way they sold their vision is nearly identical to the way Uber and other gig economy companies pitch themselves. The pitch for driving for Uber is clear: “You like the idea of choosing your own hours, being your own boss, and making great money with your car.” “With Uber, you get to set your own schedule and you only have to drive when it works for you. There’s no office, no boss, and you’re in charge.” The nature of that appeal is familiar to anyone involved with Amway. Amway distributors, DeVos tells us in Believe! are “Working for themselves.” A ’70s Amway guide for distributors urged them to tell prospects that “Amway can offer you an opportunity for true independence. Freedom from time clocks. [F]reedom from allowing someone else to decide your financial progress.” In An Uncommon Freedom, Conn writes of how Amway distributors might be granted “Freedom from the alarm clock, the commuter-bus schedule, the nine-to-five drudge.” Earn when you want, chill when you want, Uber promised in 2016, but Conn was making similar promises decades before: “Much of the appeal of the system, as opposed to other more conventional part-time jobs, is that the distributors have the choice of working as much or as little as they like, when they like, and be paid accordingly,” he muses in The Winner’s Circle. The most curious feature of Amway and Uber’s pitches to prospective users is that they create small businesses. In Believe!, DeVos applauds the “Two hundred thousand independent Amway distributors working for themselves.” Summing up Amway’s affairs in 1993’s Compassionate Capitalism, he boasted that there were “More than two million independent distributors who own their own businesses.” In An Uncommon Freedom, Conn describes Amway members in the exact same terms, calling them “Independent distributors who own their own business.” Business lobbyist Richard L. Lesher, who headed the U.S. Chamber of Commerce for 21 years, echoed this in 1997, writing “The small business revolution is here to stay Amway is in the vanguard of that revolution.” Amway’s rules of conduct forbid distributors from selling to anyone they did not personally sponsor or selling Amway products in any kind of retail establishment. Central to the FTC’s judgment was Amway’s frequent use of $200 as a typical monthly business value; in 1973-74, the actual average was $33. As a result of the judgment, Amway must prominently disclose the amount made by average distributors.

Keywords: [“Amway”,”Uber”,”distributor”]
Source: https://www.theawl.com/2017/07/did-amway-create-the-gig-economy/

Taylor Guitars Honored with the Award for Corporate Excellence from U.S. State Department

At a ceremony on Wednesday, January 29, held at the U.S. State Department in Washington, D.C., Bob Taylor, president of Taylor Guitars, was presented with the Award for Corporate Excellence to honor the company’s transformative work in the ebony trade and in the lives of its many employees at its ebony mill, Crelicam, in Cameroon. The annual award recognizes U.S.-owned businesses that play vital roles around the world as good corporate citizens in supporting sustainable development, respect for human and labor rights, environmental protection, open markets, transparency, and other democratic values. At a formal presentation ceremony held in the Benjamin Franklin Room, Secretary of State John Kerry presented the award to Bob Taylor, noting that through Crelicam, “Bob and Taylor Guitars have fundamentally changed the entire ebony trade.” Secretary Kerry underscored the company’s commitment to both the environment and its employees, and as an advocate for improved economic policies and responsible forestry management. “Taylor Guitars has become an effective advocate for legal and policy reforms to improve the permitting process around the ebony trade to better protect both the environment and the rights and needs of other forest users,” he observed. “Taylor ensures that its works are protected, and they ensure that their workers likewise benefit as a result of this.” To close, he noted that “This is absolutely the example of how people ought to do business. We’re so proud to be able to tell this story, as each of these stories, because they’re a wonderful example of the best of corporate citizenship globally. It’s an honor for me to present the 2013 Award for Corporate Excellence to Taylor Guitars.” Upon receipt of the award, Bob Taylor acknowledged the company’s commitment to a vision which would transform the ebony trade, and the lives of its employees, by applying business solutions to an environmental problem. Equally important, Taylor underscored the company’s commitment to act in the spirit of compassionate capitalism, with an emphasis on enriching the lives of employees through training and social events, and to retain the value of ebony wood in Cameroon. “Our vision was to transform the way that ebony is harvested, processed, and sold into a new model of responsible social forestry while enriching the lives of our 75 employees through meaningful work,” Taylor shared in his formal remarks. “To accomplish this, we assumed the role of guardian of the forest, and we operate with the philosophy to use what the forest gives us. To us, this means using ebony of all colors and all variegations, including wood that features spotted or streaked coloring, wood which prior to our involvement would have been left to deteriorate on the forest floor.” For 15 years, the Secretary of State has bestowed the ACE to U.S. businesses that undertake responsible activities to improve lives and advance the needs of local communities around the world. The Department of State remains committed to furthering best practices by collaborating with U.S. businesses.

Keywords: [“Taylor”,”ebony”,”employees”]
Source: https://blog.taylorguitars.com/taylor-guitars-honored-with-the-award-for-corporate-excellence-from-u-s-state-department