Goldman Executive Summary

In 2012, it gave $108,474- three largest gifts were to the Laura Mann Center for Integrative Health ($45,000), the United Jewish Federation ($24,000) and Temple Beth-El ($10,000). The rest of its gifts that year were for amounts of $5,000 or less.

Goldman Sachs & Co is a company in the financial sector, asset management industry and sub-industry in investment management. It operates as an investment firm and offers a variety of financial service such as investment advisory and portfolio management service to mutual and pension funds, foundations and individuals.

The foundation supported a wide variety of groups, favoring Jewish charities, veteran’s groups, the arts and children’s non-profits. Almost all of the foundation’s gifts during this period were for amounts less than $1,000. There were however a few exceptions: Jewish Community Foundation $100,000 given in FY12 (this was the only gift in FY12 over $1,000), Jewish Federation of Greater Los Angeles ($27,500 given FY14 and $26,000 in FY13) and Jewish Home for the Aging ($22,250 given FY14, $25,900 given

In business, Anne Lawrence and James Weber (2014) identify enlightened self-interest as a corporation’s recognition that using corporate resource to serve others, including customers, employees, and the community as a whole, is in the best interest of the company. This social responsibility enhances the company’s image within the community, which increases both customer loyalty and satisfaction of employees. Some of the ways that businesses serve others is through philanthropy and backing environmental sustainability. Within his lecture on ethics and corporate responsibility, Dr. Kahlib Fischer (n.d.) encourages the importance of corporate social responsibility (CSR) in that it provides mutual benefit to both the organization and the community.

This results in companies complying to their employee's desires, simply to ensure their own success. GuideStar, one of the largest sources of information on nonprofit organizations, organized a research paper that gathered information from multiple studies about the correlation between employee satisfaction and customer satisfaction. It was concluded that there is a strong positive relationship between the two. To support the claim, the author of the document gave the example of “...a study at Sears Roebuck & Co. showed that a five-point improvement in employee attitudes led to a 1.3 rise in customer satisfaction which, in turn, generated a 0.5 increase in revenues” (2). These connections encourage the urgency of ensuring both satisfactions inside and outside the office

Deforestation will receive the first donation of $600,000. Between 1650-1920 the area’s of trees logged have tripled if not quadrupled across the United States. Some of the trees in the Western forests have been around for 3,000 years. Surviving drought, disease, avalanches, floods and other natural disasters.( Doc A)

With employees placed at the top of stakeholder groups, it’s apparent that the hypothesis for high profitability is a direct influence from positive corporate social responsibility. The boards of directors have to take the initiative to showcase positive corporate social responsibility in order to generate these results.

As a result, the organization is fantastically wealthy. According to the most recent available filings with the IRS, in 2010:

“We invested more than $380 million in training, development and tuition assistance in 2014 to hone our employees’ skills and equip them to deliver great service to customers. In turn, they invest back into our communities with more than 300,000 hours of volunteer service and more than $9.5 million in donations to thousands of nonprofits around the world. In addition the Verizon Foundation made $66.5 million in contributions, which include $11 million in matching gifts.”

Also, a study by the Society of Human Resource Management (SRHM) states that Corporate Social Responsibility has positive effects on productivity, recruitment of top employees, loyalty and retention, and most importantly, the employee morale. The famous CEO of General Electric, Jack Welch, once said, “You build the best team, you win.” A study by Net Impact, which created a “What Workers Want” report, said that 45% of employees would have a 15% salary cut for work that has a social or environmental impact. Another 51% of workers say that helping to "make a better world" and make a "contribution to society" is essential to their ideal work . This goes on to show that in today’s world, by following CSR, companies have an easier time in recruiting a talented workforce. A great example in this case would be the Sara Lee Corporation that created a Global Sustainability Development Working Team in an attempt to improve employee satisfaction through Corporate Social Responsibility.

product manufacturer. The first $40 million of revenue raised annually will be directed to the Public

Simmons continues to develop new products, such as Simmons was the first mattress company to introduce the king and queen size mattresses in 1985 (Simmons website, Simmons Timeline). According to Simmons website, Simmons Timeline, in 1995, the company launched the “BackCare” mattress. In 2000, the company launched the first “No-Flip” mattress. After years, the company has continued to push out new materials in to improve mattress. For instance, announced the revolutionary Advanced Pocketed Coil design and introduce of the Beautyrest Recharge Sleep System (Simmons website, Simmons Timeline). Due to the continuous introduction of high value product, product of prices very expensive, but the company still has competitive

Diageo's stock price increased $1.74 from $21.10 as of December 31, 2017 to $22.84 as of March 31, 2017. The increase can be primarily attributed to the company's reported growth in profit for the first half of its 2017 fiscal year. Better than expected revenue growth, fueled by favorable exchange rates, drove the increase in profitability. Surprisingly, the company reported that revenues increased in each of its geographic markets. Such growth may mark the reversal of a period of relatively flat growth for the company. Investors responded positively to the news, thus fueling the quarterly increase in price.

As Kline (2017) stated, “Socially responsible companies can reduce their credit spread by 40%, avoid market losses from crises (saving millions), double the probability of receiving investment grade ratings, reduce share price volatility 2-10%, and reduce systematic or market risk by 4%.” More interestingly, Kline (2017) mentioned, “...the researchers found that corporate responsibility could potentially increase the market value of a company by up to 6% over a 15- year period. Market value may grow even more -- to 40-80% higher than peers ' and competitors ' market value -- for companies with strong relationships with stakeholders such as environmental and social NGOs.” Similarly, Kline (2017) voiced, “The study found several advantages on the human resources front due to retention of talent attracted to CR. Staff turnover rates are 25 to 50% lower in responsible companies, who can save around $3700 on average in wage increases to encourage an employee to stay when he or she would rather go elsewhere.” Kline (2017) brought up some engaging trends, “ In fact, in responsible companies 5% of employees say they are willing to accept a decline in compensation. These companies register a 7.5% increase in

Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue