Kaye/Bassman Foundation Crosses Over One-Million Dollar Mark!

FOR IMMEDIATE RELEASE:

Kaye/Bassman Foundation Crosses Over One-Million Dollar Mark!

Dallas, Texas, 10/26/2011:

In early summer, before layoffs began sweeping across Wall Street, billboard-sized photos of employees were plastered on the walls, pillars and elevator banks of Credit Suisse Group AG's offices in the United States and abroad.

The museum-quality prints, depicting workers from administrative assistants to senior executives, were emblazoned with motivational words like "Proactive" and "Partner." By mid-July, however, the photos disappeared and the Swiss banking giant began laying off 2,000 employees.

Security guards prevented employees from taking cell-phone pictures as the posters were stripped away, according to one employee who was present.

"It sent an entirely wrong message," said an employee, who was not authorized to speak publicly. "Management literally threw away that kind of money on something so trivial, while planning to cut thousands of jobs."

A bank spokeswoman declined to comment on the internal campaign or the employee's comments.

Credit Suisse's timing illustrates the unanticipated dangers of rampant job-cutting, which tend to run in cycles on Wall Street. Employee morale often plummets at a time when survivors are asked to pick up more responsibility and customer relations can suffer as service and relationships deteriorate.

What's more, layoffs inartfully constructed can come across to shareholders as Band-Aid solutions that at best temporarily cut expenses and at worst pare away reserves of talented people.

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"They finished cutting the fat and now they're into the muscle and bone," said Tim White, a managing partner who specializes in wealth management at the recruiting firm Kaye/Bassman International in Dallas.

The Kaye/Bassman Foundation is proud to announce that since inception in 2001, the Foundation has donated over one million dollars to their charitable beneficiaries! The Kaye/Bassman Foundation is a not-for-profit organization created for one primary purpose and whose mission is: “To create and perpetuate an environment of charitable giving, to foster hope and personal growth, to support medical research, and to enhance the lives of people in need.”

Created in 2001 as a small grass-roots group of volunteers who saw unmet needs and an opportunity to make a difference, this organization is supported by Kaye/Bassman International, a recruiting and search firm based out of Dallas, Texas. Events over the years have ranged from golf tournaments held at the exclusive Gleneagles Country Club, to lavish galas at venues such as the Four Seasons, to upscale celebrations at some of the hottest clubs in Dallas, including Teddy’s Room.

Primary beneficiaries over the past several years are the Muscular Dystrophy Association and City House. Tracy Denton, Regional Director for MDA, shared that “the Muscular Dystrophy Association is proud of the long standing partnership we have shared with Kaye/Bassman International; Kaye/Bassman is a company comprised of hard working and dedicated individuals with big hearts!” Funds to the MDA are specifically directed to Duchenne Muscular Dystrophy. Eddie Hill’s son Tyus was diagnosed with Duchenne in 2001 when he was one year old; Eddie says “I feel blessed to have been able see what goes on behind the scenes at KBIC when it comes to fundraising and charity work. The commitment, dedication, and passion of your leadership group has inspired a spirit of giving that extends far beyond the walls of your offices. Thank you for everything your work has done for me, my family, and the many young men and boys with Duchenne Muscular Dystrophy."

City House provides a number of resources for over 3,000 children and families in Collin County, Texas and the surrounding counties. This year, the Foundation took on a third initiative to support the Baylor Cancer Program, and committed to raising at least $25,000 to provide an exam room dedicated to Cindy Ornish, a 19-year partner with Kaye/Bassman who passed away in 2010 after a long and courageous battle with breast cancer.

Jeff Kaye, CEO of Kaye/Bassman, shares that “Love and profit are NOT mutually exclusive concepts in the business world. It is a true blessing to be surrounded by a group of people that not only embrace that concept, but take action ON IT AND MAKE a difference in the lives of others in need.” The Kaye/Bassman Foundation is proud to cross the million dollar mark, and appreciates all of the support of our sponsors, donors, friends and families who have helped us achieve that milestone!

Learn more about The Kaye/Bassman Foundation at http://www.kbiccharities.com

About Kaye/Bassman
Founded in 1981, Kaye/Bassman has grown to become the largest single-site executive search and recruitment firm in the United States with the simple mission of impacting companies and enhancing careers by providing the finest in professional, executive, technical and scientific search. Kaye/Bassman provides strategic recruiting and executive search solutions in over 20 industry practice areas including construction recruiting, healthcare recruiting, banking executive search, energy recruitment and many more. Next Level Recruiting Training, a recruiting training organization, Next Level Exchange, a recruiting training best practices information exchange, and Next Level Marketing Communications are also Kaye/Bassman companies.

For additional information or a sample copy, contact:
Darren McDougal
Kaye/Bassman International
(972) 931.5242
(972) 931.9683
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Kaye/Bassman Foundation Crosses Over One-Million Dollar Mark!

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