Category: CEO

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Patagonia’s CEO Donated Company’s $10 Million Tax Cut to Fight Climate Change

As much as some people (and organizations) out there would like to bury their heads in the sand and pretend climate change doesn’t exist, it is very real, and its effects are growing more drastic.

Because of the 2018 rewrite of America’s tax laws – a tax code revision that greatly benefited corporations by lowering the corporate tax rate by almost a third for most companies – Patagonia paid $10 million less in taxes that year than it had anticipated. So the company’s CEO, Rose Marcario, decided to donate the $10 million to non-profit groups that are working to fight climate change and help the environment.

Marcario believed the corporate tax cut was not a good thing, and she wrote, “Based on last year’s irresponsible tax cut, Patagonia will owe less in taxes this year—$10 million less, in fact. Instead of putting the money back into our business, we’re responding by putting $10 million back into the planet. Our home planet needs it more than we do.”

Speaking about climate change deniers, including many in government, Marcario wrote, “Far too many have suffered the consequences of global warming in recent months, and the political response has so far been woefully inadequate—and the denial is just evil.”

Patagonia has been a friend of the environment for many years now and their website says the company has donated more than $89 million to environmental groups to fight climate change.

Let’s hope that more corporations and individuals make their voices heard about the extreme consequences of climate change that are occurring around us every day. This isn’t something that might happen in the future, this is taking place right now.

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A CEO Gives His Employees $2,000 to Go on Vacation and Says They’re More Productive Than Ever

This is pretty great.

Mark Douglas is the CEO of a marketing and advertising company called SteelHouse who has very specific rules when it comes to vacation time for his employees. No, he’s not cutting down on time off – he requires that his workers take vacation time, and he gives each employee a $2,000 bonus each year that they have to spend on their vacations.

How amazing is that?

Beautiful Beach

Douglas said, “It’s one thing to say ‘You have three weeks’ vacation,’ as most companies do. It’s another thing to say ‘You have cash, and if you don’t go on vacation and spend this money, the money literally goes to waste.’ It’s another level of saying this is real.”

Douglas also said that the bonus pays off. He says his workers are more productive than ever and that they “have virtually zero turnovers.” Douglas said that between 2013 and 2016, only 3 employees left out of a workforce of 250 people.

Speicher Durlaßboden - Austria

Douglas said there are five main reasons why he enacted the vacation policy:

1. It gives employees a chance to recharge.

2. It encourages team-building among staff members.

3. A give-and-take mindset gets the best out of people.

4. A good life-work balance attracts great employees.

5. Customers view the company’s dedication to its employees in a positive light.

Douglas added, “I think it’s important that everyone be able to essentially really, truly leave work.”

In addition to that nice perk, the entire SteelHouse company takes a 3-day weekend once a month.

Not too shabby, huh?

The post A CEO Gives His Employees $2,000 to Go on Vacation and Says They’re More Productive Than Ever appeared first on UberFacts.

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A Baby Abandoned in a Dumpster Grew up to Be the Founder of a Multi-Million Dollar Company

This is an amazing success story! “Rags to Riches,” “the American Dream,” “self-made man.” Every single cliché you’ve heard about that classic story, Freddie Figgers is living proof that it is actually possible.

Figgers is only 30 years old, but he’s already a huge success as the CEO and President of Figgers Communication, a telecommunications company that is now valued at a whopping $62 million.

Them: I don’t think it will happen ?Me: There are three kinds of people in this world: people who make it happen,…

Posted by Freddie Figgers on Friday, July 5, 2019

But life didn’t start out very well for Figgers. He was abandoned in a dumpster by his mother shortly after she gave birth to him in Quincy, Florida, though luckily he was adopted when he was two days old by a couple named Nathan and Betty Figgers. The Figgers’ gave young Freddie all the love and support he needed, and he grew up to be a curious boy who loved to tinker around with computers.

Figgers got his first job as a computer technician at the age of 12, and at age 15 he started his own cloud computing service. His first job in this field came after he helped a car dealership back up their information on a remote server after they had previously lost all their files in a tornado. Figgers set up the server in his own backyard.

Do not follow where the path may lead. Go instead where there is no path and leave a trail.

Posted by Freddie Figgers on Wednesday, June 26, 2019

The young entrepreneur invented his own creations as well, including a GPS tracking device that goes in someone’s shoe to help keep track of them. Figgers created this device specifically for his father, who was suffering from Alzheimer’s disease. He sold that idea to a company for $2.2 million and started Figgers Communications, the extremely profitable company that he now runs, with his earnings.

His business is also the only African-American owned company of its kind in the United States.

Bravo, Mr. Figgers!

Let Freddie Figgers’ story remind you that no matter where you come from or where you are at the moment, you can always achieve your dreams if you work hard and aim high.

The post A Baby Abandoned in a Dumpster Grew up to Be the Founder of a Multi-Million Dollar Company appeared first on UberFacts.

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In the 1960s, the CEO of Ampex…

In the 1960s, the CEO of Ampex wanted his employees to take LSD to improve their creativity. The board of directors said no, and then had to fire him after they discovered he’d snuck off anyway on a mountain hike with seven or eight engineers and given them LSD.

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Michael Dell, founder of Dell Inc., once had…

Michael Dell, founder of Dell Inc., once had a high school summer job selling newspaper subscriptions for the Houston Post. By targeting the demographics of newlyweds and recent home buyers, Dell made $18,000 in one summer, exceeding the yearly payroll of two of his teachers. 10

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The highest paid CEO in the U.S. was…

The highest paid CEO in the U.S. was John Hammergren of McKesson Corp in 2011, in excess of $700 million. At a company annual meeting in 2013, an employee asked for wages increases and was fired 4 months later. In June 2014, he returned to the company’s annual meeting to ask that Hammergren’s $292 million […]