Wednesday, October 17, 2012

Week 3 EOC: Making Money for Good

Week 3 EOC: Making Money for Good
                Nike is a shoe company that has grown throughout the years and has become widely known. The company has many supporters in the United States and has grown to become known throughout the world too. They have used many different sports as well as athletes to spread the world about their shoes and how great they are for all kinds of sports. The company throughout the years have also placed there logo on clothing products to help spread the word of their company. Nike has also decided to support and sponsor certain athletes of whom they chose to get the word across to the public’s eyes in a nice positive way. According to halogen TV they stated Nike as the number one company in a quote stating “Nike donated more than 78 million to the following causes: children and youth, conflict resolution, human rights, international relief and development and recreation. Nike gave 5.3 percent of its income to charitable causes in 2009.”(www.csrwire.com)( By Nike giving back to those countries and individuals less fortunate, the consumers want to buy more to feel like they are supporting as well as help out the cause. This is a positive movement where the company doesn’t hog all the money and they give back to those in need. According to athletic business.com “Nike has agreed to provide more than $1.5 million in pay and benefits to 1,800 workers at two apparel factories in Honduras.”(www.mrporter.com) Nike has also come in after many world disasters to come and help those that are in dire need like for the Hurricane Katrina disaster in Louisiana. Nike also looks after there current, and former workers, “According to The New York Times, a Nike spokeswoman says the $1.54 million is for “a worker relief fund” and not severance pay. Nike also agreed to provide vocational training and finance health coverage for laid-off workers.”(www.ethisphere.com)

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