Is the Rich List 2010 a sign that philanthropy might be on the up?
Philip Beresford, compiler of the Sunday Times Rich List published on Sunday 25th April, would have us assume that economically we are ‘rising from the rubble’. Britain’s super-rich have added some £77bn to their wealth in the last year – an increase of almost a third. Relatively speaking, the Times suggests that philanthropy remains buoyant, [...]
Philanthropist of the month
Michael Geoghegan, the chief executive of HSBC, has turned down the chance to become Britain’s best-paid bank boss by instead deciding that he will hand over his multi-million-pound bonus to a number of children’s charity. Geoghegan is Cause4′s philanthropist of the month, a man who at a time when the banking world has been subject to public [...]
Should executives be philanthropically accountable too?
Most recently, Bart Becht’s – Reckitt Benckiser’s Chief Executive – the brand behind Mr Sheen and Cillit Bang has donated £110m to charity. Similarly within financial services, as anger over bankers’ bonuses has engulfed the City, some of the highest-paid executives have publicly mollified an angry public by personally donating bonuses to worthy causes. The most high profile banker is Michael Geoghegan, Chief Executive of HSBC, who [...]
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