Word: bonos
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...glad that people like Bono and Bill Gates are endorsing the practice of spreading corporate profits among the world's disadvantaged and helping convince the business élite that it is in their interest to care about the world's less fortunate [Aug. 11]. Both individuals have used their influence to do great things. But let's not forget that our elected representatives must be the ones held responsible for protecting the poor. Since the government must set a minimum wage for justice's sake, perhaps it can set maximums for corporate profits or individual salaries and offer incentives...
...dollars and our philanthropic ones into such ventures. Investors in third-way companies could be confident that reasonable returns were being sought on their behalf. At the same time, organizations with missions would have new freedom to raise capital and engage talent, rather than begging for donations and pro-bono contributions. The real government interference that needs to be removed from capitalism is the protection of single-mindedly profit-motivated shareholders. Andrew John Bayly, Melbourne...
Capitalism 2.0 I am glad that people like Bono and Bill Gates are endorsing the practice of spreading corporate profits among the world's disadvantaged and helping convince the business élite that it is in their interest to care about the world's less fortunate [Aug. 11]. Both individuals have used their influence to do great things. But let's not forget that our elected representatives must be the ones held responsible for protecting the poor. Since the government must set a minimum wage for justice's sake, perhaps it can set maximums for corporate profits or individual salaries...
...significant enough. He isn't. Five years ago, he concocted what he calls the PEACE plan, a bid to turn every single Christian church on earth into a provider of local health care, literacy and economic development, leadership training and spiritual growth. The enterprise has collected testimonials from Bono, the First Couple, Hillary Clinton, Obama, McCain and Graham, who called it "the greatest, most comprehensive and most biblical vision for world missions I've ever heard or read about." The only thing bigger than the plan's sheer nerve is the odds against its completion; there are signs that...
...markets among the poor for life-changing technologies like cell phones. Others - sometimes with a nudge from activists - have seen how they can do good and do well at the same time. To take a real-world example, a few years ago I was sitting in a bar with Bono, and frankly, I thought he was a little nuts. It was late, we'd had a few drinks, and Bono was all fired up over a scheme to get companies to help tackle global poverty and disease. He kept dialing the private numbers of top executives and thrusting his cell...