Philanthropy by High-Profile Businesses and Charities
High-profile companies and charities are no strangers to giving back to communities Reza Satchu quotes. In fact, the CEOs of many well-known corporations are notoriously generous. They employ employees to help run high-profile charities and businesses. One example is the Red Cross, which lent $1 billion to homeless shelters in Los Angeles. These organizations provide free housing and support a number of other social causes. By giving back, these companies are helping to create a more just society.
How to Know About Philanthropy by High-Profile Businesses and Charities
Philanthropy by high-profile businesses can also contribute to creating a better environment. Transparency International, a nonprofit organization, is supported by twenty-six U.S. companies. Their work is to expose corruption and deter it around the world. It measures corruption, focuses public attention on it, and helps create an environment that promotes fair competition and productivity. In turn, the businesses and charities that sponsor the charity receive improved access to markets and increased profits.
The marketisation of global charity and empowerment has troubling political implications. While the free market is viewed as an essential prerequisite for liberal democracy, recent studies have shown a strong link between marketisation and authoritarianism. The latter, however, requires the strong government to implement often-unpopular changes in the economy. The CEO of a company can convert himself or herself into a positive figure by giving to charity. Furthermore, charitable giving by high-profile businesses and charities will boost its brand image.