Newman's Own: Positive Power Spotlight, October '08
If ever a business created the perfect positive storm around quality, integrity, and product story, it was Newman’s Own. This selection of salad dressings, snack foods, and other goodies has been on my list of businesses to feature in this column for many years. It took Paul Newman’s death to move it to the front of the line.
The biggest qualification for inclusion is the firm’s pledge from Day 1 to give 100 percent of profits to charity. OK, so it helps that his movies made Newman independently wealthy–but still, this is a remarkable platform. And a whole lot of terminally ill children who attended one of Newman’s camps will never forget his generosity (to name one of dozens of examples). In his years in business, he was able to raise and donate $250 million to thousands of different charities, some of which–like those camps–he was directly involved in setting up and running.That’s an average of 410 million a year!
While most of the rest of us will never be in that situation, we could certainly donate five or ten percent of our net revenues to worthy causes. Tithing really does make the world better, and often helps the giver as well (see my friend Paula Langguth Ryan’s work at artofabundance.com.
Bt it’s not just the charity work. It’s a commitment to organics before it was fashionable (now spun off to a separate company, Newman’s Own Organics…a willingness to forge creative partnerships (as I advocate strongly in my award-winning sixth book, Principled Profit: Marketing That Puts People First)high-quality, great-tasting products…and a sense of humor and play that’s present on all the company’s packaging and very much in evidence on the website (consider that the press room page is labeled “hoopla”–or this quote from the “Our Story” page):
We anticipated sales of $1,200 a year and a loss, despite our gambling winnings, of $6,000. But in these twenty-six years we have earned over $250 million, which we’ve given to countless charities. How to account for this massive success? Pure luck? Transcendental meditation? Machiavellian manipulation? Aerodynamics? High colonics? We haven’t the slightest idea.
Shel Horowitz’s Monthly Newsletters » Blog Archive said,
Wrote on October 16, 2008 @ 6:08 am
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