Stone Soup Leadership Institute

The Power of Giving
The Power of Giving
Arnold Hiatt is a businessman who always wanted to do more than just make a profit: he wanted to make a difference. As president of the Stride Rite Corporation, he convinced his board to give 5% of the company’s pretax earnings to social initiatives, created the nation’s first on-site corporate day-care program, and encouraged Stride Rite employees to work with inner-city youth during work hours. In this story, we learn how one young man, a Vietnamese refugee, benefited not only from Hiatt’s generosity, but from his example. As a Harvard student who received a Stride Rite scholarship, Van Truong was impressed with the way Hiatt took a personal interest in him and his activities. “He showed us how to be public spirited,” he said. “In the money-crazy 1980s, he was a visionary role model for us all.” Van has decided to dedicate his life to public service, saying, “Arnold Hiatt taught me the power of giving back, one person at a time.”