Word: crisises
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"You really have to prove to people you are different," says Peter Firestein, a corporate-reputation consultant and author of the book Crisis of Character: Building Corporate Reputation in the Age of Skepticism. "They haven't done enough to make people believe their profits-first DNA will change."(See 50...
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...
Few firms have taken as much of an image hit in the wake of the financial crisis as Goldman Sachs. Once seen as one of the best-run companies in America, in the past year more and more people have come to view Goldman's outsized profits as a product...
For the Haiti crisis, Yéle's technology partners Mobile Giving and Give on the Go have waived their typical waiting period of two weeks to deposit the donations. Firms like Mobile Accord - which manages the Red Cross system, among others - pay out donations on a quarterly basis, after...
Did your thesis change as the recession evolved? The recession validated some of the arguments. One reason that the economy ran off the rails was because of these high-stakes rewards for short-term payoffs. When that went on for too long, it ended up having collateral consequences on the...