Word: charityitis
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In its latest move to rebuild its reputation, Goldman will reportedly require its executives and top managers to donate a portion of their bonuses to charity. Goldman already has a program to promote voluntary giving by the firm's partners, which was started two years ago. The new program would...
A Goldman Sachs spokesman wouldn't comment on how much of their year-end pay Goldman employees would be required to donate, or even if the company had officially adopted the new charity plan.
Demographically, Italy is one of the most rapidly changing countries in Europe. Last year, according to the Catholic charity group Caritas, the percentage of noncitizen residents in the country - 7.2% - was greater than Britain's. And in a country where the native-born population is aging rapidly, 1 in 6...
Since stickK was first launched in January 2008, more than $3 million has been put on the line. But the site relies on the honor system, and with a self-reported 70% success rate among users who pledge money, only $116,000 is scheduled to be paid out in 2009...
That makes it tough for Sisson to cheat, which she says is a "good thing." Last year, she signed up for stickK.com, a site founded by Yale economics professor Dean Karlan, whose research has shown that signing commitment contracts and publicly announcing a goal helps people stick to it. (The...