Category Archives: America

The Responsibility of a Business

There is a movement afoot for businesses to become more conscious. That is, instead of the single objective of profiting the shareholders, a conscious business has the responsibility to other stakeholders. Stakeholders include the customer, the community, the employees, the environment, and the quality of life.

Sprouting up around us all are grass roots organizations that are working to change the way businesses conduct themselves as part of our society. Some call it conscious business or conscious capitalism. If you google these terms, you will find many web sites and many books on the subject.

A question you will see asked is why do businesses have the rights of a citizen when they do not hold the same responsibilities? Why are they not held to the same standards? Why do they not operate on the same moral principals that we hold so dear to our hearts as citizens in our community, our country and our world?

In Massachusetts, you will find the Conscious Business Roundtable, a group started by Lisa Hamaker of Kaliday Marketing which meets regularly to discuss how businesses can prosper by conducting themselves for the benefit of all those around them, not just their shareholders. You will find the Conscious Capitalism Institute, founded by Dr. Raj Sisodia and supported by the likes of Whole Foods, The Container Store and others.

Internationally, you will see other organizations cropping up that seek the same objectives. This is not a fleeting concept. It has been around us for many years and is growing. Keep your eye out for it. Be open to it. Support it. It may just change the way people do business and change the world as a result.

Posted in America, business climate, International.

Bank of America? Not my America!

My Dad passed recently. It has been a sad time for those of us who knew him. I had his car shipped from his residence in Florida to Massachusetts to take care of some body work. I decided to keep it because it was a cute 2010 Scion with low mileage and I thought it would be a great around-the-town car. I visited the local Bank of America office to see what it takes to get the Title transferred. They advised me that I have 60 days to pay the vehicle off and said thank you very much.

As a followup, I received a letter stating in quotes “We would like to extend our condolences upon hearing that our valued customer passed away”. What does it mean that this sentence is in quotes? Does it mean they don’t really mean it? Does it limit their liability?

The letter continues “The Bank will allow you 60 days in which to obtain financing for the collateral with a new lender and pay the Loan balance in full (the “Forbearance Period”), so long as the Loan payments remain current during the Forebearance Period. If, however, the Loan payments become past due or the Forebearance Period expires, then this letter shall also serve as written notification that: (i) The Bank is declaring the Loan in default; (ii) The Bank is accelerating the Loan balance; and (iii) The Bank intends to repossess the collateral securing the Loan.”

Really?

If you look at their web site, you will see wonderful hyperbole like, “Bank of America is committed to helping homeowners understand all their financial options.” or “See how we’re supporting small businesses, helping customers in financial need and giving to local communities through our lending and investing programs.” Or the best, “Bank of America is lending, investing, and giving to help make our communities great places to live and do business.”

Is this how they show they care? Whatever happened to your friendly neighborhood bank of yesteryear? Since when are these tactics acceptable to the American people? Where is the outrage that these Banks (so large that we can not allow them to fail) have become dictatorial, anti-family, anti-community and anti-American? Is our only recourse to cease and desist?

Posted in America, Banks.

Given the Choice…

Our blog face has changed. We purposely fly our flag in a conflicted sky. On one side, we have the threat of a darkness with a stormy and damaging outcome. On the other, the sky is open to the sun and the stars shedding light on everyone and everything. What will it be? Doom and gloom? Or hope and faith? Here is one view.

Big business, big banks and big government have wreaked havoc and devastation on America. It’s been nearly a century long hurricane of greed and deception. The malicious gluttony and self-indulgent hunger for wealth and position has overtaken this great country and overshadowed our ideals. The deterioration and ineffectiveness of our educational system hinders our children and grandchildren and threatens our future.

Is there anything that can bring us back? Are there any heroes left? Who or what will save this nation? Wal-Mart? Novartis? Sandoz? Pfizer? Merck? Bank of America? Goldman Sachs? Citibank? J.P. Morgan Chase? Cardinal Health? UnitedHealth? Kaiser? Exxon Mobil? Chevron? Home Depot? Dunkin Donuts? None-of-the-above? You are correct, none-of-the-above. These companies are killing us or helping us go broke or stealing our future or investing in the blinders that cover it up. Or all of the above. Meanwhile we perish in blind apathy.

Ah, but there is hope. There is a super-hero. It is you. It is me. If anyone can save this nation, if there is any hope at all, it lies with little people and little business. It is our community. I don’t mean the next door neighbor. I mean community – whatever that might mean to you. It might be your towns-people. Your buddies at work. It also means your Facebook friends, your Tweet-buds or your blog readers. What can one person do? It all depends on how much that one person cares. It depends on wanting to do the right thing. It hinges on passion and conviction. It’s just a decision.

So decide then act. You can control the weather in your own community. Push the clouds away and cause the sun to shine. Your light will help us all see better.

Posted in America. Tagged with .