The Importance of Corporate Philanthropy
Back in the day, Bear Stearns required its Senior Managing Directors to donate at least 4% of their annual earnings to charities of their choosing. For a firm known for its rough-and-tumble culture, it seemed somewhat ironic, but I always found this to be a truly admirable policy and one which numerous not-for-profit organizations in New York and around the globe benefited from handsomely. As someone that recruited senior professionals to Bear Stearns for several years, I enjoyed revealing this directive to prospective senior-level candidates, many of whom viewed this requirement as a value they could unequivocally support. Unfortunately, when Bear fell
Read About It