In reading this article in Bloomberg, one million seems to be the rounded number, although Jeffries is adding to the till with donating all commissions for a day and volunteered salaries. Also below is a listing from Reuters from a few more companies, Wells Fargo looks cheap by comparison at $100,000 so maybe this will shame them into contributing a little more when you see companies like Go Daddy chipping in a half a million.
Walmart set up a site to encourage additional contributions. The cell phone donation works really well and is simple to do. I hope all the dollars get there. BD
Jan. 14 (Bloomberg) -- Jefferies Group Inc., Morgan Stanley and Goldman Sachs Group Inc. each pledged at least $1 million for relief efforts following the Haiti earthquake, among many U.S. and European businesses offering aid to victims.
JPMorgan Chase & Co., Bank of America Corp., American Express Co., Visa Inc. Amgen Inc., United Parcel Service Inc. Lowe’s Cos., Wells Fargo & Co., Eli Lilly and Co., Walt Disney Co., Western Union Co., France’s Credit Agricole SA and Britain’s Tesco Plc were among others that announced donations.
Go Daddy Group, a Scottsdale, Arizona, concern that provides Web site design and registration, sent a $500,000 check to Hope for Haiti, a nonprofit organization that supports education and health care in the country.
Jefferies will donate all net commissions tomorrow, and volunteered salaries, plus $1 million. In October 2001, it raised $6 million for Sept. 11 relief; $3 million for victims of the Asia tsunami in 2005, and later that year, $2.5 million following Hurricane Katrina.
Target Corp will donate $500,000 to the American Red Cross to assist with disaster recovery in Haiti.
- Procter & Gamble Co said it will provide at least 2 million packets of PUR Purifier of Water through our Children's Safe Drinking Water partners. It said Duracell has already provided $200,000 worth of batteries and flashlights for donation.
- National Bank of Canada will contribute up to C$250,000 to the Canadian Red Cross. National Bank MasterCard cardholders can exchange reward points, free of charge, for a cash donation to the Canadian Red Cross by calling 514-847-8280 or 1-800-341-8083.
- The New York Yankees will donate $500,000 in support of rescue and relief efforts.