- Working Assets
Working Assets is an American company that offers
mobileand long distancephone service and a credit card. Founded in 1985, the company is based in San Francisco, California. It has stated a goal of being socially responsible. The company donates a portion of its fees to nonprofit organizations such as Doctors Without Borders, Planned Parenthoodand Amnesty International. Since its founding, Working Assets has raised over $60 million for these organizations. They conduct a yearly poll of customers to determine the allocation of contributions.
In 2007, Working Assets launched a new brand for its mobile and long distance services: CREDO. The
Latinword means "belief." Through CREDO services, Working Assets aimed to expand its business to a larger segment of socially conscious consumers that offers services aligned with their beliefs.
CREDO Mobile offers a selection of phones, plans and nationwide, all-digital coverage. CREDO is an
MVNO, using the Sprintwireless network to carry calls -- it does not maintain its own wireless network.
CREDO Long Distance offers
couponsfor free Ben & Jerry's ice creamto new subscribers as incentive for signing on.
Working Assets is also the
publisherof the best-selling book " How Would a Patriot Act?" by Glenn Greenwald.
WorkingForChange is a progressive news and opinion Web site maintained by Working Assets. The site features articles from syndicated
columnists such as Ellen Goodman, Robert Scheerand Greg Palast. In January 2007the site started a blog. WorkingForChange is now http://www.credoaction.com.
CREDO Action, formerly ActForChange, is an online
activismsite run by Working Assets that allows individuals to speak out on urgent issues to elected officials and other targeted decision-makers. Recent issues featured on the site include opposition to conservative judicial nominees, support for embryonic stem cellresearch, and opposition to President Bush's use of signing statements. The site also features the [http://act.credomobile.com/campaign/mobile_action CREDO Action Mobile network] , a mobile text activism network where users can sign up to receive alerts on progressive issues, and the [http://www.credoaction.com CREDO blog] .
VolunteerForChange is a program created by Working Assets in order to make
volunteering easier for busy people who want to make a difference. It is a Web-based tool for progressive organizations and individuals to manage volunteers online, using customer-generated ratings to guarantee the best possible experience for users.
Working Assets uses 100% post-consumer
recycledpaper and soy-based ink for all its paper bills and internal operations, and provides tens of thousands of dollars in tree-planting grants to nonprofit groups each year. Working Assets' San Francisco operations are carbon neutral. The company purchases carbon offsets through Carbonfund.orgto reduce its office's climate footprint to zero. Its window envelopes do not use transparent plastic film, but instead leave the window open to facilitate recycling.
Although the Working Assets credit card is now offered through
Bank of America, the product came under criticism when it was issued through the bank MBNA, the top contributor to George W. Bush's 2000 Presidential Campaign. When asked about this, Working Assets' employees have made differing claims. In one letter, it was stated that Working Assets chose MBNA regardless of its political views and entirely for its experience and quality customer service. [Unknown News, [http://www.unknownnews.net/0507-1.html Working Assets works for Bush's biggest backers] , May 7, 2003] In another letter, president Michael Kieschnick stated that Working Assets ended up under MBNA when the company purchased the credit card business of Fleet Bank, which had previously issued the card. Kieschnick said it was not Working Assets' choice to select MBNA and cannot change banks without violating its current contract. MBNA was subsequently purchased by Bank of America. Many environmental groups, including ones who benefit from Working Assets, have active campaigns against Bank of America, citing its funding of more projects that contribute to global warming than any other bank. This may cause a conflict of interest for these charities.
Activism against warrantless wiretapping, and CREDO's network use of a participant
Working Assets has been an active opponent against Warrantless wiretapping by the NSA and has been active in criticizing
Verizonand AT&Tfor collaborating with the NSA to permit these activities. Sprint, the network carrier which CREDO resells service on, is also named as a company which participated in this activity. [http://www.usatoday.com/news/washington/2006-02-05-nsa-telecoms_x.htm] While CREDO has voiced opposition against FISA and providing immunity to AT&T and Verizon against lawsuits stemming from the wiretapping controversy, criticism or mention of Sprint is notably absent in its press releases. [http://www.credomobile.com/pressroom/article.aspx?id=26]
Socially responsible investing
* [http://www.workingassets.com Working Assets]
* [http://www.credolongdistance.com/ CREDO long distance]
* [http://www.credomobile.com/ CREDO Mobile]
* [http://www.workingassets.com/creditcard.cfm Working Assets credit card]
* [http://www.workingassetspublishing.com/ Working Assets publishing]
* [http://www.workingforchange.com Working for Change]
* [http://www.credoaction.com CREDO Action]
* [http://www.volunteerforchange.org Volunteer for Change]
* [http://www.workingassets.com/recipients.cfm Recipients of Working Assets donations]
* [http://www.workingassets.com/humanewireless Humane Wireless]
* [http://www.workingassetswireless.com/amnesty/index.cfm? Amnesty Wireless]
* [http://www.credomobile.com/pressroom/article.aspx?id=26 CREDO Action Press Room]
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Look at other dictionaries:
working assets — index capital, cash Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
working assets — working assets, invested capital that is more or les available for use if needed … Useful english dictionary
working assets — working capital … Accounting dictionary
Working assets — Оборотные фонды, оборотные средства … Краткий толковый словарь по полиграфии
working capital — working assets The capital that is used to finance the day to day operations of a company. Working capital is part of the balance sheet and is calculated as the difference between current assets and current liabilities. The size and composition… … Accounting dictionary
working capital — The part of the capital of a company that is employed in its day to day trading operations. It consists of current assets (mainly trading stock, debtors, and cash) less current liabilities (mainly trade creditors). In the normal trade cycle the… … Big dictionary of business and management
working capital adjustment — USA A post closing adjustment of the purchase price to account for a true up (as of the closing date of the acquisition) of the target company s estimated net working capital accounts (cash, accounts receivable, inventory and other current assets … Law dictionary
working capital — see capital Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. working capital … Law dictionary
working capital — n. 1. Accounting the excess of cash and liquid assets over current liabilities 2. cash and other assets needed for the day to day operation of a business … English World dictionary
Working capital — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia