John Hoffmire

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How large a role should business play in improving society?

All societies have problems. I am sure this is not a shock to anyone. Neighbors have disputes, poverty exists and inequality grows. Simply put, if each individual of a society is imperfect, so too is society, and since no one is perfect, we each play a part in making society imperfect. And like people, institutions

2019-10-08T08:51:04-05:00Tags: |

How family debt can hurt a child

Individual debt, in all forms, is on the rise, and the staggering accumulation is having unforeseen and unintended consequences. To back up the claim that debt is rising, we point to outstanding credit card debt in the U.S., which is reaching $1 trillion for the first time. Combine this with poor personal financial management skills

How family fragmentation impacts poverty in America

In the last 50 years, family structures have changed dramatically. Just half a century ago, 75 percent of children lived in a home with two married parents in their first marriage. Today, less than half of children are raised in such a traditional situation, and more than a third are raised by single parents. This

Honoring the dignity of employees includes having them own more of the company

George Clason, in his classic book titled "The Richest Man in Babylon," wrote this line: “A part of all I earned was mine to keep.” In the 1950s, a lawyer named Louis Kelso coined the term “Employee Stock Ownership Plan” (ESOP). The intent of ESOPs is to significantly increase employee incentives and productivity, while giving


Free Oxford Business and Poverty Conference Registration Open

Registration is still open  for the 4th and 5th of July conference at Oxford entitled Progress Through Business: Social Enterprise, Impact and Growth.  This is the second annual Business and Poverty Conference.  The conference is free.  But, to technically be enrolled in the conference, you are required to sign up for and purchase at least


Celebrating one who uses business to help minorities

Len Greenhalgh is a senior management professor at the Tuck School of Business at Dartmouth in Hanover, New Hampshire. He is also faculty director of Tuck’s extensive programs for minorities, entrepreneurial women and Native Americans. Dartmouth College was founded in 1769 with a royal charter to serve Native Americans and European settlers in New England.


Sometimes Small Economic Development is Good Economic Development

Small NGOs will continue to be criticized by development economists for their lack of efficiencies and small economies of scale. But sometimes they have all the right components to help break families out of poverty. Sometimes, small is good. Louela Nalzaro was desperate. As a single mom in the Philippines — a country with roughly


A Comparison of Free and For Pay Tax Preparation Programs At Two Credit Unions

About The Authors John Hoffmire, PhD John Hoffmire is the director of the Center on Business and Poverty at the University of Wisconsin School of Business and faculty associate at the Puelicher Center for Banking Education at UW-Madison. Before starting the Center on Business and Poverty in 2004, John had a 20-year career in equity


Employee Stock Ownership Plans and Their Effect on Productivity: The Case of Huawei

Employee Stock Ownership Plans (ESOPs) are utilized by many successful companies across the world. This case study describes Huawei, a Chinese telecommunications equipment company, which heavily utilizes ESOP ownership, and applies Huawei’s results to describe ESOPs as a powerful tool for achieving corporate efficiency and growth. Using and analysis of Huawei’s annual reports, we argue


Gift puts Utah’s Legacy of Impact Investing, Salt Lake City on the Map

James Lee Sorenson donates $13 million to the David Eccles School of Business at the University of Utah for the creation of the James Lee Sorenson Center for Global Impact Investing Tuesday, Jan. 15, 2013. (Scott G Winterton, Deseret News) Philanthropy in Utah took a large step on Jan. 29 when the business school at


A Survivor’s Story

Survivors from the world of drug addiction and the dark world of sex trafficking and violence often have heart-wrenching stories; girls and women with so much potential, lost to the pain and suffering of sexual exploitation. The hope in these stories can be found in the resiliency of survivors and their ability to create meaningful


Fellowship in Honor of President Kim Clark at Oxford

“With power comes responsibility – it is as simple as that” said Professor Peter Tufano as he welcomed visitors to a discussion about business leadership and responsibility to celebrate the creation of the Kim B. Clark Fellowship in Responsible Leadership at Saїd Business School at Oxford University on September 7th. “Business organisations have power. How should