A Money Coach in Canada

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2462011478_c0e4e5d3451.jpgSome of you may need kleenex. This is a story of the best of the business world.  It’s easy to forget that big businesses can make positive change and be a Good Thing in this old world of ours.

Consider this story. Levi Strauss got called out for one of the worst PR nightmares possible: two of their factories in Bangladesh were filled with child-labourers. They had not done full diligence in checking their contacting sources.

They were caught in an impossible dilemma.

Continuing to use the child-labourers would be unconscionable.

But “firing” them all would send them into equally horrific lives of prostitution and poverty, likely pulling down their families with them.

Levi Strauss did the entirely unexpected.

They continued paying the children their wages … but sent them to school instead. The children had their positions held for them, if they still wanted them, upon graduation.

Not many people know this story. It deserves telling. At a time when so many corporations do things that are horribly wrong, sometimes, a corporation steps up and responds courageously in a way that rights the wrongs.

I don’t know about you, but Levi’s is now my brand of choice. And the beauty is, I honestly don’t think they made their decision based on this potential outcome. If they did, more of us would know the story.

Photo Credit: achi

Readers:  do you know of any other stories of corporations doing The Right Thing?  (god, I hope so.)

About the Author

Imagine if Canadians were known for being all over their money. Engaged. Proactive. Getting out of debt. Savvy. Saving. Generous. Nancy wants to help. Nancy started her own journey with money over 15 years ago, and formed her company “Your Money by Design” in 2004 to help others along the same path. It’s not the usual financial advising/investment stuff. It’s about taking control of day-to-day finances –managing monthly cashflow effectively, spending appropriately, getting out of debt, saving. If you're ready to take control over your finances, pop by her business site, YourMoneybyDesign.com

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