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2010 Executive Tidbits
Price of denim jeans: 47% under $25, 37% $25-50, and 16% over $50. |
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Check out Keith's other site:
Virtual Writing Coach |
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The Executive Connection SM
a publication of The Virtual Executive Coach SM
"Vision + Accountability = Success!"
www.virtualexecutivecoach.com
February, 2008
In This Issue:
1. Preview
2. Executive Summary
3. Giving in the 21st Century
4. Helpful Hints
1. Preview
The Executive Connection explores the creative and analytical process of business development,
team-building, and executive development.
We are an interactive community of executives and small business owners who desire to network
with like-minded high-performance executives
to enhance our knowledge, skills, and aptitudes in the competitive business world.
Published monthly, the Newsletter offers coaching suggestions around the topics of: business development, financing, marketing, networking,
incorporations, mergers, human resources, governmental regulations, and tax laws.
Topics are presented from the perspective of Keith Barton and represent only his ideas on creating and running your business.
Because we are an interactive community of executives and business owners, other viewpoints are welcomed and may be printed in future monthly
newsletters with permission from Keith Barton.
2. Executive Summary
February, 2008
Dear Executive Connection Subscriber,
This month's newsletter features: Giving in the 21st Century
3. Giving in the 21st Century
When Warren Buffet announced that he would commit his wealth to the Bill and Melinda Gates Foundation,
he set a new standard for philanthropy—over 41 billion dollars tied to his Hathaway Empire in stock
dividends and cash advances. Buffet has appointed each of his children to head up a different
philanthropic endeavor and they will be handsomely paid by non-profit standards, but far less than they
would make in the corporate world.
In the current issue of Fortune, Melinda Gates adorns the front cover with the byline: The 100 Billion
Dollar Woman (kind of a take off on the hit TV show in the 80s, the 7 million dollar man). Rumor has it
that her husband Bill will work full-time to assist his wife in doling out money to worldly projects from
Aids/HIV in Africa to tuberculosis and malaria and world hunger. In fact, Steve Ballmer replaced Melinda’s
husband in 2000 to prep him for the tougher task of spending the billions that their foundation will reap
over the next twenty years.
The Gates’ Foundation receives 6000 grant requests annually and Melinda reads each request. Their total 2006
commitments were 2.7 billion dollars. The Gates’ Foundation has allied themselves with NIH, Michael and Susan
Dell, GlaxoSmithKline and Proctor & Gamble to form a joint venture the Global Alliance for Vaccines and
Immunization (GAVI) to help developing nations fight childhood diseases. They also help the USA with their
educational initiatives for early learning, scholarships, advocacy, and school computers where some 70% of 9th
graders do not graduate on time.
But the Gates are not alone in their philanthropy. Other heavyweights include: Larry Brilliant of Google who
oversees some $2 billion dollars from Google’s founders, Larry Page and Sergey Brin to fight poverty, reverse
global warming and help the world’s most vulnerable patients. Interesting, Google’s philanthropic efforts are
not set up as a non-profit to escape various IRS restrictions and can make investments more quickly.
Jeff Lug and Jeffrey Sachs have formed the Millennium Promise to reduce global poverty by the years 2015. They
have already raised more than $100 million and are partnering with companies like GE, Novartis, and Ericsson to
assist over 80 African villages. Jeff Flug worked for Goldman Sachs for 20 years while Sachs worked as an economist.
Everyone knows what Michael J. Fox has done for Parkinson’s disease. He has testified before Congress, enlisted the
help of Hollywood and US corporations to spend more than $100 million on research on Parkinson’s and other neurological
disorders.
Jacqueline Novogratz, Founder, Acumen Fund has invested over $27 million in 18 businesses in Asia and Africa; you might
have seen their nets commercial on TV to fight malaria in Tanzania. Their consumers number four billion people who make
less than $2 a day.
Techies Pierre Omidyar (eBay founder) and Matt Bannick have formed the Omidyar network to solve social problems and has
already committed $120 million to give kids school supplies.
George Dayton, Target’s founder over 60 years ago began investing 5% of his pretax profits for helping others. Today Target
funds over $150 million annually in donated food, museum and theater tickets for school programs across America.
Make-up giant, MAC (a division of Estee Lauder) who makes Viva Glam lipstick donates 100% of his revenue to AIDS and has
raised $100 million since 1994, making it the largest corporate HIV/AIDS donor outside the pharmaceutical companies.
J.D. Hoye and Sandy Weill (former CEO of Citigroup) and Ken Chenault (CEO of American Express) have trained more than
50,000 teens in financial services, hospitality, and IT industries since 1982.
In summary, it’s refreshing to know that corporate greed is a cheap shot and that private capital can fight world problems.
In reality it’s more fun to spend money than to make it and the corporate givers mentioned in this month’s Fortune magazine
have hired top-notch epidemiologists, researchers, philanthropists, and financial advisors to help them reach as many people
around the world as possible. It may take a village to help a country, but these heavyweight venture capitalists are turning
their attention to social and health issues long ago identified by the World Health Organization.
Helpful Hints:
- Next time you check out at a Target store remember that 5% of your purchase goes to helping financially needy children in school.
- The Greed of the 80s portrayed by Michael Douglas in the movie, Wall Street has been replaced by a new breed of corporate raider who looks much like Robin Hood.
- For more corporate givers, go to www.Fortune.com/philanthropy.
SUBSCRIPTION INFORMATION
The Executive Connection SM is a free publication. If you want to continue to receive this Newsletter, you can
SUBSCRIBE by clicking here or by sending a blank email message to
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with the word SUBSCRIBE in the subject line.
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Be assured your name and email address are confidential. We do not sell, rent or share our mailing list with anyone.
Contact Information:
Keith Barton, Ph.D.
Voice: 281-583-5005
Fax: 281-583-5008
Web: http://www.virtualexecutivecoach.com
E-Mail:
keith_barton@att.net
(c) Copyright 2008, Virtual Executive Coach SM
and A. Keith Barton, Ph.D.
All rights reserved.
Distribution Rights:
The Executive Connection SM is copyrighted, but you may retransmit or
distribute it to whomever you wish as long as not a single word is changed, added, or deleted, including the contact information. However, you may not copy
it to a web site.
Republication of The Executive Connection SM in paper media is encouraged and permitted by individuals, organizations and associations, as long
as the issue is reprinted in its entirety, without change, and includes the contact information.
With advance permission, we are happy to edit an issue to fit your space requirements. Republication also is encouraged under other circumstances.
However, the advance permission of
A. Keith Barton, Ph.D. must be obtained in the event that changes in the text are desired.
The Executive Connection SM Mission:
The Executive Connection SM is dedicated to helping first-time business owners and executives to recognize resistance to change, while they create
and manage their own businesses. My goal is to help you transform your vision into a successful business venture with the addition of accountability structures
and silent partner.
The Executive Connection SM is a publication of The Virtual Executive Coach SM and Keith Barton, Ph.D.
We would like The Executive Connection SM to be as interactive as possible. If you have feedback, comments, topics you would like addressed, or can
suggest additional resources to benefit us all, please email us at any time. Send your e-mail to
keith_barton@att.net
.
Please forward this issue to anyone you think would find The Executive Connection SM interesting and beneficial. Your recommendation helps us
keep growing, and ensures an excellent exchange of information and techniques.
Archives:
You can read previous issues of The Executive Connection SM in our archive section.
About Keith Barton, Ph.D
Dr. Barton received his Ph.D. in 1972 from the University of Texas at Austin and has been a practicing therapist for over thirty years. He is a graduate of
MentorCoach and is accepting new clients.
He has been an adjunct professor at the University of
South Carolina, consultant to Fortune 500 companies in
executive development, founded and managed Texas Community
Living Ventures, Inc., in 1986 for providing group home
services to persons with mental retardation. Keith founded
and has been running a clinical practice in Northwest Houston since 1990.
He writes part-time with the goal of completing one novel a year. His desire to coach others derives from his passionate interest in helping others become
attuned to their creative powers of storytelling.
Dr. Barton has training in coaching, cognitive and family therapy and health psychology. He has published articles, made presentations and conducted workshops about:
Small Business Development
Employee Wellness Programs
Anxiety and achievement
Stress management
Self-esteem
Communication skills
Leadership styles
Core values in the workplace
Executive Development
High-performance groups
Physician support groups
Writer support groups
© 2010
The Virtual Executive Coach SM
and Keith Barton.
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