
I recently read about the new project CEO & founder Meg Whitman has launched to help the poor. I commend this hard working woman, who turned an idea that was nothing 10 years ago from a mere joke to a multi-billion dollar internet empire. Looks like Whitman has no future plans on stopping with her internet endeavors.
EBaY has been a successful, stand alone online auction company for the last 10 years, pioneering it's way through being an auctioneer and becoming the world's largest online payment company, called PayPal. Now, they allow ordinary online investors to buy securities aimed at financially carrying the world's poorest countries. This move in turn keeps the world recognizing eBay. They recommend a website called Microplace, where you can start investing into poor countries with as little as one hundred dollars. In addition, money an investor places into this will be used towards loans, savings, insurance and other basic financial services to low-income households and businesses, without the family being financed having to put up their earthly collateral. Not only does this sound very positive to uplift a poor family from the financial famine, but it helps to lift the human spirit, and gives them something positive to look forward to. Microplace was fonder by a Stanford Business School graduate named Tracey Pettengill Turner, who sold the company to eBaY in June 2006.
It would be a much better world if more conglomerate internet giants would follow eBay's lead. Not only would they be helping the poor, but it would boost their business additionally in a positive spotlight. It's also good to do so, because you never know what may happen adverse wise down the line. Acts as such eBay doing this would be a positive pastime for companies to have a leg to stand on, if in the event they received negative press down the road for any reason.
Shawn Drewry is the CEO of
He was born & raised in Brooklyn, New York & has been in the working world for 10 years, including corporate america. As much as he did well on his jobs, someone somewhere he worked with or even the employer themselves found some reason wrongfully to terminate him. He has learned the hard way to become an independent person, breaking the shackles of traditionally following the working class. His mother worked for The City of New York for 35 years and successfully retired in 1994 paycheck to paycheck and thus was never able to ever save a dime nor keep money in her small bank account.
smencils