Word: schmidts
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...long, giving to charity was an act of blind faith. Then came the Internet and Arthur "Buzz" Schmidt to help givers see whether their money was being well spent. When Schmidt left the private sector a decade ago to raise money for an international development agency, he was stunned by how little number crunching potential donors could do. So he struck out on his own, borrowing 50 shoe boxes of microfilm from the National Center for Charitable Statistics, and in 1996 began posting the financial data of nonprofit organizations on the Web. Three years later, the former agribusiness executive started...
This opened a realm that had always been unwelcoming to the public. "It was very much a one-way street," Schmidt says of the flow of information from charity to donor. Concerned citizens had to wait eons for the IRS to supply a copy--or had to pester often unwilling nonprofits to disclose their activities. "Charities would leave off attachments or white out people's salaries," says Daniel Borochoff, president of charity watchdog American Institute of Philanthropy. "They can't get away with that anymore...
Though lack of management expertise is often cited as another weakness, the country?s pool of seasoned executives is starting to get larger, says Jean-Bernard Schmidt, president of a Paris-based venture-capital fund, Sofinnova Partners. Consider the career of Pierre Liautaud, another Tech Tour participant and the brother of Business Objects? CEO. This Liautaud started at IBM in 1982, first as an engineer for IBM France and later as vice president of marketing for its Internet unit in the U.S. He left Big Blue in 1999, returning to France to take the job of CEO of @Viso...
...STEFFAN SCHMIDT-KEYSTONE/AP GRIEVING: The murders horrified Zug's townsfolk...
Anderson did a commendable job keeping Schmidt off the scoreboard. His job got a little bit easier when Schmidt was forced to leave the game for good after a serious collision with Roth late in the half...