Executives Making a (Charitable) Difference

July 27, 2016
in Category: News
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Executives Making a (Charitable) Difference

CEO’s of major companies tend to make millions of dollars each year. Even if they are not netting 7-digit figure salaries they still continue to earn hundreds of thousands in salaries. This is the compensation that they receive for making their companies successful. While CEO’s make huge sums of money the vast majority of them know how important it is to give back. Here is some important information about executives making a difference within the world today.

Mark Zuckerberg

Mark Zuckerberg is definitely one of the youngest and most successful CEOs in all of history. Just about everyone has heard about (and even uses) Facebook. Zuckerberg is worth a whopping $51.2 billion dollars making him the sixth richest person on the planet. Zuckerberg gives and when he does it is no chump change; speaking in relative terms of course.

Zuckerberg has been known to give hundreds of millions to school districts. He has signed what is known as the Charity Pledge which is an agreement that will require Zuckerberg to give away at least half of his wealth of charities over the course of his lifetime. Zuckerberg has joined Bill Gates and Warren Buffet plus other wealthy individuals as a part of this agreement.

Bill McDermott and Jim Hagemann Snabe

Bill McDermott is the CEO of SAP AG software company. McDermott is known because of his former association with Jim Hagemann Snabe. Both of these high powered business leaders were dual CEOs for SAP in the recent past. The company did away with the dual CEO role in 2014 and now McDermott is the sole leader. McDermott is doing financially well in his role as CEO.

McDermott experienced a horrible accident back in 2015 that left him in bad condition for a while. This incident gave him more insight into why healthcare is so important. He currently donates money to various health related charitable causes. McDermott has given funds toward health related charities in the past but this time around it’s more personal and intense.

David Leuschen

David Leuschen is another CEO that does a great deal in terms of charities. He is the Co-Founder and Senior Managing Director of Riverstone Holdings. He also has a private equity company that focuses on capital investments within the energy sector.

The David M. Leuschen Charitable Foundation is Leuschen’s very own charitable organization that has been created to work with ranching communities within Montana and Wyoming. Leuschen’s charity supports various public, private and civic organizations within those states.

Other CEOs such as John Schlifske from Northwestern Mutual and Don Burton of Kaplan EdTech also gives millions of dollars to organizations to help people in need. Most CEO’s understand how important it is to help keep communities strong and economically viable. When a CEO helps the people around them to be successful they are ultimately helping themselves and their companies.