03192015

THE STUDENT NEWSPAPER OF BENTLEY UNIVERSITY SINCE 1963

THE VANGUARD SPECIAL WELCOME BACK FROM SPRING BREAK EDITION

Welcome back from Spring Break Falcons!

THURSDAY, MARCH 19 2015

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THE vanguard

March 19, 2015

OPINION

SALC to host Philanthropy Week; promises reform editor in chief

Next Monday March 23rd marks the start of Bentley’s annual Philanthropy Week, a series of events spread over the last week of March where Bentley students give back to their beloved campus. The Falcon logos spread across the university grounds mark the teaser release of what has become incorporated into the long list of traditions that Falcons get to experience.

Philanthropy Week has been met with mixed reviews amongst students in the past, but that perspective is set to change, according to the Student Alumni Leadership Council (SALC), who are hosting the event. With promises to make this years’ Philanthropy Week more interactive, the council is working on efforts to make the week more vibrant on social media channels, operating on its flagship #BentleyGives hashtag.

The week will kick-off on Monday, with an inauguration by Flex. Monday will also be the first of three “Bentley Runs on Philanthropy” themed events, with SALC sponsoring free coffee and donuts from Dunkins. Tag-lined “It’s On Bentley”, SALC hopes to start

off the week by initiating the philanthropy from their side.

Tuesday will mark a “pay it forward” theme at the much beloved Einsteins café. Famous for its presence in Starbucks cafés across the world, SALC hopes to achieve similar success on Bentley’s campus. During this day, you will be able to buy a fellow classmate a coffee by pre-paying for it between the hours of 9:30 and 11:30AM. All the drinks are going to be standardized at a set price of $2.

The second of the three days will incorporate an unofficial “It’s On a Classmate” tagline.

With a generation that places importance on corporate social responsibility, SALC hopes to use these two events to instill the value of a small donation and its much larger impact on people. The ideology that a donation is actually worth a cup of Joe will help students realize that it’s not that much of a monetary effort, and showcases a benevolence that we do on a daily basis. William Clifford, VP of External Events for SALC states “[it’s] recognizing already having philanthropy, not trying to encourage [the students] to be philanthropic.”

Co-Chair Sara Gallucci added “It’s celebrating the spirit that already exists.” SALC will also

host a table on Wednesday where students can drop off spare change in a large coffee cup, with all the money being donated to Relay For Life.

The Week is scheduled to end on Thursday with Bentley’s first ever Neon Run. The run will start off on Lower Campus at 7PM, and will incur a $10 entry fee which will be donated directly to Bentley’s Annual Fund. Students can register for the run on MyBentley. With a glow theme, students will be encouraged to wear neon clothing, whilst SALC promises to provide glow sticks, along with other fun glow-in-the-dark items.

The addtions to the Annual Fund help Bentley thrive and stay operational. Even as annual tuition fees reach $43,000 (plus other charges), these only cover around 89% of the total costs of keeping the doors open. Estimations state that if the entire cost was to be covered by tuition alone, students would end up paying $60,000 (not including any additional costs), a $17,000 hike from the current price.

The contributions made to the Annual Fund then go on to cover the rest of the 11% of the operating costs. Any contributions that are made to this fund are put to di-

rect use across campus as needed, including extended hours in the Dana Center and Library, intramurals on campus, Service-Learning opportunities, and Career Services Programming. With current expansionary measures already happening in multiple locations, increases in the Annual Fund are only going to pave the way for further expansions.

SALC has promised a revised and improved version of Philanthropy Week this time around, with charitable efforts going both ways. We hope that these efforts bear fruition for the SALC team and wish them good luck.

Courtesy of Student Alumni Leadership Council

BY usama salim

SALC’s external team poses for a picture as they prepare to launch Philanthropy Week.

Jim Sinegal

Co-Founder and Former CEO of

Costco: How Our Ethics Evolved Over the First 30 Years

Thursday, March 26, 2015, 3:30 p.m.

Wilder Pavilion, Adamian, Bentley University, Waltham, MA

Costco began under the Price Club name in 1976 in a converted airplane hanger in San Diego. Today, with revenues over $110 billion, the company operates 671 warehouses/stores in 42 states, Puerto Rico, and 9 countries. Costco has distinguished itself for the quality of its products, its outstanding customer service, and highly loyal and dedicated workforce. The company’s remarkable success was nurtured under its co-founder and long-term CEO, Jim Sinegal who led the company for almost three decades until he retired at the end of 2012, although he continues to serve as a Company Advisor. In this lecture, Mr. Sinegal will reflect on Costco’s journey to become one of the most respected companies in the United States, and the evolving place of ethics in shaping the company’s remarkable development.

Jim Sinegal began his career in retail business in 1954 when he went to work for the legendary retail icon, Sol Price, at the discount store FedMart in San Diego. Jim continued working for Mr. Price for almost 30 years before striking out on his own to start Costco with his business partner, Jeff Brotman.

He was named one of Business Week’s "Best Managers" in 2003 and from 2006 to 2011, he was selected as one of the 30 most respected CEO’s by Barron’s Magazine. Jim serves as Trustee for Fred Hutchinson Cancer Research Center. He is a Senior Executive in Residence at Seattle University's Albers School and serves in a similar capacity at his alma mater, San Diego State University. Jim also serves as an advisor at the Mendoza School of Business at Notre Dame.

The Raytheon Company is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 92 years, Raytheon employs 61,000 people worldwide and had annual sales of $22.8 billion in 2014.

Presented by the Center for Business Ethics at Bentley University with the generous support of the Raytheon Company.

The Center is a partner in the Bentley Alliance for Ethics and Social Responsibility.

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THE vanguard

March 19, 2015

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THE vanguard

march 19, 2015

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