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facebook account required to vote in mission:small business program June 29, 2012

Posted by Bradley in : life , trackback

I received a notification that a small business I have dealt with had applied for support under the Mission: Small Business program run by Chase and Living Social (and they have produced a credit card together also). The deadline to vote is tomorrow, but in order to vote for a business to receive a grant you need to have a facebook account, which I don’t have (JP Morgan was one of the underwriters of the facebook ipo).

Looking at the JP Morgan Chase website it is striking how much CSR is going on. The 2011 Annual Report states:

We also continued our support of communities. We raised $68 billion for not-for-profits and public services. And we hired more than 3,000 military veterans as a proud founding member of the 100,000 Jobs Mission.

The amount of money donated is smaller. The Chairman’s letter states:

In 2011, JPMorgan Chase contributed more than $200 million directly to community organizations and local not-for-profits. Our employees also provided nearly 375,000 hours of volunteer service through our Good Works program in local communities.

That’s considerably less than the billions of dollars of recent derivatives-related losses.

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