- Provides employment to 1.9 million people; the best defence against poverty is a job.
- Creates thousands of job opportunities for people in developing countries like China and India; this keeps hunger at bay in many households.
- Doles out hundreds of millions of dollars each year in dividends that help fund the retirement of millions of people; the company had sales in excess of $348 billion and a net profit of $11.3 billion in 2007.
- Sells food, clothing and other necessities to Canadians, Americans and others at prices that are 15 to 25 per cent below what other supermarkets charge; this helps millions of low-income families stretch their dollars.
- Pushes the inflation rate down and helps keep interest rates low; this comes in handy for millions of families when borrowing to buy a house or household appliances.
- Disburses $415 million in cash and in-kind merchandise annually to 100,000 charitable organizations around the world.
- Pursues environmental sustainability; sells more organic produce than most retailers; works with the Clinton Foundation to lower prices on sustainable technologies such as energy-efficient lighting and building materials; has opened the first in a series of high-efficiency stores that will use 20 per cent less energy than a typical Wal-Mart. And its proposed Vancouver store is more environmentally friendly than any building in the Lower Mainland.
On the basis of the evidence, it is impossible to argue that Yunus or Carter have done more than Wal-Mart to alleviate poverty.
Sounds like a good candidate to me!
(HT Carpe Diem)