To Home Depot cofounder Arthur Blank, profit and purpose go hand in hand.
That was a recurring theme during Blank’s return visit to his alma mater, Babson College, on Thursday. Blank’s visit to the Wellesley campus was in large part tied to his decision last year to donate $50 million to fund a new entrepreneurial leadership school at Babson. The owner of the Atlanta Falcons football team also just authored a book, called “Good Company,” about how to implement this concept of managing with purpose.
The book is based around six values that have guided Blank throughout his career. Those principles — think put people first, not make tons of money first — are being incorporated into classes offered for the first time this fall through the Arthur M. Blank School of Entrepreneurial Leadership.
Blank, who left Home Depot in 2001, said companies need to be more purposeful in their