Wednesday, May 20, 2009

An Ethical "Thumbs Up"

While visiting with one of my vendor partners, I had the opportunity to learn how a business acts in an ethical form. This particular vendor acts as a broker for over 30 telecom providers. When asked how he is compensated by these providers, he was quick to mention that his company has a uniform fee policy. That is, his company gets the same percentage fee from each telecom provider. When asked why, he stated that that policy ensures that they always recommend the "correct" solution for their client. They do not want to have the conflict of interest that would naturally result from getting higher fees from some (but not all) of the providers they represent. Give a big ethical "thumbs up" to Kyle Coody and Simplify for implementing ethical business practices.

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