When hurricane Harvey wreaked havoc in Houston and the neighboring areas, many people and companies had no alternative but to helplessly watch as the residents died, homes swept and property destroyed. Stream Energy is involved in many philanthropic activities. The company participates in community-based activities in Texas and its surroundings through the company’s foundation called Stream Cares. During Hurricane Harvey period, the company displayed itself as a significant example in philanthropy and charity, something that the company proved to be part of its agenda. The company supported the victims in a big way contrary to the rest companies who sat back. Stream Energy gave out more than just the available money it earned in energy sales. It is not common to have a business or a corporation to have a different philanthropic arm and continues to do other jobs.
The company must balance between its performance and the community-based operations in general so that it could maintain respect for the customers and the other members of the public. When the company is involved in giving back to the society, it’s most publicized. Giving back to the community is highly publicized and very healthy for the management. It helps very much, especially if the company’s profit dips. If it results in retrenching workers, those who lead in philanthropic are usually spared. American companies are generous when it comes to philanthropy, and Stream Energy is not an exemption. An example was in 2016 when charities in America received donations worth $16 billion from the companies and businesses.
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Our CEO, Bouncer Schiro, had the privilege of heading down to Austin, TX today to speak at @utexasmccombs and @stedwardsu through the @the.dsef. While sharing his insight with students about the #DirectSelling industry, Bouncer received a surprise visit from his niece! #DSEF
Stream Cares collaborates with Red Cross and Habitat for Humanity where the management and the employees are engaged in grassroots donations, which boost its record of accomplishment in philanthropy. Stream Energy has a light business plan whereby it pays its partners who look for clients and sell them a variety of its products ranging from direct energy sales to mobile packages. In return, the company provides virtual doctors and telemedicine at discounted prices. The commission earned by associates is used to support a program of their choice. In Dallas, the employs and the company itself are concerned about homelessness. The company and the employees jointly track the homeless people in Dallas and support them.