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...percentage of M.B.A.s going straight into the nonprofit sector remains in the single digits--after all, student loans are much easier to pay off with a for-profit salary. And, says Greg Dees, faculty director of Duke University's Center for the Advancement of Social Entrepreneurship, "many students, if they heard 'nonprofit management,' would be thinking about running a museum, a hospital. That's not what excites them. What excites them is finding innovative entrepreneurial solutions to social problems...
Equal Exchange can also boast that it started a trend. About 450 coffee importers opt to pay above-market rates for certain beans and then sell the product as premium coffee in 45,000 stores nationwide with Fair Trade certification, an independent audit from TransFair USA. The Fair Trade sector accounts for just 2% of the $22 billion domestic retail coffee market. But the industry is striving to keep up with rising public expectations for the way the brew comes to market...
McCormick and the Conservancy learned the hard way that charity is no longer beyond reproach. Corporate America has been penned in by new regulations imposed by the Sarbanes-Oxley Act, but the nonprofit sector faces few rules for disclosing financial health, paying executives or explaining spending. But in the postscandal era, state and federal lawmakers are pushing for stricter standards of governance for nonprofits...
InnovaLight CEO Burke, whose roots are in sales, marketing and physics, was a fast riser at AT&T and its Lucent spin-off. In 2000 he joined an optics firm called OMM Inc. that tanked with the telecom sector in 2003. Stints with a venture-capital firm and optical- component maker Bookham Inc. followed. Burke's former boss Phil Chapman, now CFO with Peregrine Semiconductor Corp. in San Diego, calls him "fearless." Fearlessness will serve Burke well now. "You don't want to be partnering with a customer who expects this to be simple," says another of Burke's former...
...school programs for Boston teens. Campion spoke about some of Citizens Bank’s other initiatives to help the community. For example, one of their new programs offers small businesses low interest loans if they promise to create jobs in their local communities. “The business sector has many issues like expansion and taxes that can be addressed by the city government,” Campion said. “These are mutually dependent worlds.” Abramson discussed the recent challenge of relocating 4,000 residents of his city in order to expand the Louisville...