Word: jacksonism
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Businesses, Jackson says, often looked at community service as a distraction in the pursuit of profits...
...Jackson had a chance to put his theories into practice during his 12-year tenure as executive vice president of BankBoston, now Fleet Bank...
While at BankBoston, Jackson moved the company towards greater involvement in the Boston community...
Gifford says Jackson pioneered Fleet’s First Community Bank, which catered to low-income communities. He also helped BankBoston win the Ron Brown Award—presented at the White House by the vice president—for investment in the inner city...
...wrote the book on corporate involvement in the community,” says former Mass. Gov. Michael S. Dukakis, for whom Jackson served as a top aide before accepting the position at BankBoston. “He demonstrated to the corporate world that [community service] isn’t just good citizenship, it’s good business,” Dukakis says...