The Cost of Going Green paper

The Cost of Going Green paper - The Cost of Going Green TO...

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The Cost of Going Green TO: Dr. Glassberg FROM: Michael Lyons DATE: October 26, 2008 SUBJECT: Going green, Is it worth it? Many companies are now trying to find ways to be safe for the environment. This seems to be very popular for the future, as issues such as global warming and pollution are becoming more important. Major Stakeholder Groups In March, 1990 Bill Foley, a research manager for Herman Miller realized that his company, which had a distinctive office chair with a rosewood exterior finish was helping destroy rain forests. This exclusive chair was made of rosewood and Honduran mahogany, a very expensive material. Foley quickly banned the use of these woods which helped create the so called Eames Chair, and made many changes in his company to help save the environment. This situation quickly had a huge impact on many different people and companies including: Stockholders – The sales of the company quickly fell 70% from 1990 to 1991. At this point, stockholders must have been worried about losing money due to the company’s losses.
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