Efforts in the lodging segment of the hospitality industry appear to be focused heavily on green building and on environmental sustainability practices to enhance economic sustainability and students of hospitality and tourism must understand how to apply these principles and practices if they are to become industry leaders and managers of sustainability. Specific examples of these efforts are helpful for grasping how these principles and practices can be applied. For example, Marriott, Inc.
Open in a separate window Notes: Data retrieved from http: Company share calculated based on dividing number of shares held by total company shares outstanding.
See Text S4 for full listing of stock holdings. Thus, it is necessary to examine the holdings of the Berkshire company to analyze the Foundation's stock holdings. Berkshire Hathaway's largest investment is in Coca-Cola. It owns an additional 8. Endowment investments in pharmaceutical and food companies were similarly observed among the Ford, Rockefeller, W.
Additionally, the Ford Foundation had holdings in the tobacco company Lorillard while W. Kellogg and Rockefeller foundations were indirectly invested in tobacco corporations through conglomerate equity funds such as Cedar Rock Capital and Adage Capital Partners, respectively. They have defined areas in which the endowment will not invest, such as companies whose profit model is centrally tied to corporate activity that they find egregious.
This is why the endowment does not invest in tobacco stocks. Although the list includes only one new vaccine and one new seed, we are funding vaccines for several diseases malaria, AIDS, tuberculosis, etc. Each program has a leadership team, such as the Global Health Leadership team, led by the president of the program.
Given the important role of these board members in shaping and approving grant allocation decisions as well as the Foundation's strategic vision, the personal histories of leading members of the board were analyzed. Jeff Raikes, who replaced Patty Stonesifer in May currently a senior advisor to the trusteesretired as the president of Microsoft business division to join the Foundation.
Both Raikes and William Gates Sr. Such patterns of interlinked board directorships, common among corporations and nonprofit organizations, were similarly found in the other private foundations studied.
Further, it notes that board members of other organizations have fiduciary duties of care, loyalty, and confidentiality to those organizations, which require directors to act in accordance with the best interest of the organization on whose board the director serves, irrespective of the other entities with which the director is affiliated.
Where Does the Money Go? The majority of the Foundation's grants are directed to researchers in the US. Several grants are linked to companies that are represented on the Foundation's board among its investments.
The Foundation has also funded initiatives that are not obviously linked to corporations, such as those for health surveillance and monitoring of disease burdens. It has been noted by some commentators that sugary drinks such as those produced by Coca-Cola are correlated with the rapid increase in obesity and diabetes in developing countries .
Similar potential conflicts of interests were observed among other leading global health nonprofit foundations, including the Ford Foundation, Rockefeller Foundation, Robert Wood Johnson Foundation, and W.
Before assessing the implications of these findings, important limitations of our study must be addressed. First, as with all studies into the sociology of institutions we can observe the flows of funding and interlocking members of different institutions, but we cannot assess whether these associations resulted in a particular decision taking place.
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A continual demand by local customers for global products and in the case of globally recognized products such as McDonald’s hamburgers and Sony televisions _____ risk is the likelihood that a multinational corporation's foreign investment will be.
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