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Excerpt from Oral History Interview with Kenneth Iverson, June 11, 1999. Interview I-0083. Southern Oral History Program Collection (#4007) See Entire Interview >>

Belief in providing for employees

Iverson describes his belief in corporate responsibility. He thinks a corporation's greatest responsibility is to its employees, and it can fulfill that responsibility with fair treatment and advancement opportunities.

Citing this Excerpt

Oral History Interview with Kenneth Iverson, June 11, 1999. Interview I-0083. Southern Oral History Program Collection (#4007) in the Southern Oral History Program Collection, Southern Historical Collection, Wilson Library, University of North Carolina at Chapel Hill.

Full Text of the Excerpt

JM: One last question. How about the issue of what you could call “corporate civic responsibility?” What's the proper role of a profit making enterprise in a system like ours? How wide are your obligations? KI: I guess I may be a little bit old fashioned. I'm a great believer in charity begins at home. The most important thing is to take care of your employees and make sure they have a good place to work and a fair place to work and opportunities to advance. We were, I think, the first in the United States that we provide a scholarship. I guess it's up to $2,200 a year for four years of college for every child of every employee without restriction. That's been a hallmark of the company. We have lots of employees who have taken advantage of that and then come back and worked for the company.