Spirit Magazine - March 2014 - (Page 64)
vice and earth-friendly practices, Terry says, "The mantra has
always been 'do the right thing.'
We mumble that to ourselves
when making decisions." Moreover, Terry says his strategy from
the outset was "to build something
of substance, something that
would be around for a long time."
Nine years later, P. Terry's is
working on its ninth stand. They
pay their 300-plus employees well
above minimum wage, offer Spanish-speaking employees English
lessons, give interest-free emergency loans to help people get into
an apartment or a car, and always
promote from within. Employee
bonuses totaled up to more than
$65,000 in December 2013.
In addition to taking good care
of employees, P. Terry's uses all-
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natural beef and healthy ingredients, recycles all paper and
cardboard from the back of the
house, and has donated more than
$332,000 to local causes. Terry
says the stands themselves are
designed to be places that make
the street nicer for years to come.
All of that investment-in
structures, healthy products,
employees, and sustainability-is
costly. Especially when you consider that their burger goes for $2.
Still, Terry says the effort is both
essential and worthwhile. There's
gravy, too, in the form of happy
customers.
Make Way for the Commons
As Terry suggests, success doesn't
have to come at the expense of the
greater good. In fact, it's a karmic
philosophy that's seeping into the
psyche of future leaders via a surprising source-business school.
Leo Burke, director of the Global Commons Initiative at Notre
Dame's Mendoza College of Business, says all businesspeople
should be mindful of the outside
world, because "business exists
for the good of society, not the
other way around." (Take THAT,
Wolf of Wall Street.)
A former Motorola executive,
Burke launched the GCI in 2012
with the goal of educating students about the commons "so that
they can make better business
decisions that contribute to the
greater good." The "commons" in
Burke's initiative are an ancient
concept he explains as the "tangible and intangible resources that
sustain and enhance life that must
be collectively governed by users
for the good of current beneficiaries and future generations."
It sounds like heady stuff, but
the commons are just the shared
things that make life good for all
of us and should be there for us
way down the road. There are
natural-resource commons like
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http://www.gnc.com
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Table of Contents for the Digital Edition of Spirit Magazine - March 2014
Spirit Magazine - March 2014
Contents
Gary’s Greeting
Gary’s Greeting en Español
Star of the Month
Freedom Story
From the Editor
Your Words
Your Pictures
Media Center
Eat Drink Sleep
Wise Guide
Numbers
Business
The New American Dream
Your Adventure In New York City
Calendar
Fun!
Spotlight
Community Outreach
Products & Services
Flight Service
Terminal Maps
Information
Rapid Rewards and A+ Rewards Partners
Route Map
The “If” List
Spirit Magazine - March 2014
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