Better Business Bureau executives ring bell at New York Stock Exchange

To celebrate its centennial and 100 years of fostering marketplace trust between businesses and consumers, Better Business Bureau executives and guests visited the New York Stock Exchange (NYSE) today to ring the closing bell.

To celebrate its centennial and 100 years of fostering marketplace trust between businesses and consumers, Better Business Bureau executives and guests visited the New York Stock Exchange (NYSE) today to ring the closing bell.

Carrie A. Hurt, President and CEO of the Council of Better Business Bureaus, rang the closing bell to mark the organization’s 100-year anniversary. BBB was founded in 1912 as the Advertising Vigilance Committee by corporate executives who were fed up with deceptive advertising and fraudulent claims. Samuel Candler Dobbs, a vice president of Coca-Cola, drafted “The Ten Commandments of Advertising,” and dozens of corporations signed the manifesto. Later that year, the first local group was founded in Minneapolis.

Better Business Bureau’s name was suggested in 1916 by Arthur F. Sheldon, the founder of a school on salesmanship, and the organization continued to grow. The first national office opened in 1921 in Cleveland, Ohio, and the first Canadian BBB opened in 1928 in Montreal. The organization today has 115 local, independent BBBs across the United States and Canada that maintainBBB Business Reviews on more than four million businesses, handle dispute resolution for nearly one million complaints a year, and alert consumers of marketplace issues.

For a century, BBB has fostered trust and integrity by: helping consumers make smarter buying decisions; resolving disputes between consumers and businesses; and educating the public on scams and fraud.

370,000 BBB Accredited Businesses are committed to following the organization’s strict Code of Business Practices, which includes guidelines on ethics, customer service, transparency, financial management, advertising and privacy. They also must maintain at least a “B” rating in order to remain accredited. The support of these businesses enables BBB to offer many of its services to consumers for free.

For local programs and services, check with BBB serving Alaska, Oregon and Western Washington at akorww.bbb.org.

 

More in Business

Railroads implementing positive track

While the investigation continues into the deadly AMTRAK derailment near Dupont, the clock continues to tick on the implementation of Positive Track Control (PTC). The deadline is Dec. 31, 2018.

Keep the holiday spirit all year long | Don Brunell

During the holidays, our thoughts naturally turn to giving — not just giving gifts, but donating our time and money to charities, disasters and community programs.

Finding balance in occupational licensing

Recently, the Institute for Justice (Institute) determined state licensing barriers for lower-income workers and aspiring entrepreneurs not only hurts people trying to establish themselves in a profession, but annually drives consumer prices up by $203 billion.

Remember 1993

Twenty-five years ago, business took a beating in Olympia. The swing to the left in the 1992 general election was swift and potent. It drove higher costs to employers and more government regulations.

Remembering Ed Carlson, Vietnam POW

Since last Veteran’s Day, Ken Burns’ in-depth documentary on the Vietnam War has aired. It is a powerful reminder of an unpopular war in which many “baby boomers” fought and died.

Rural prosperity essential to Washington

While Seattle is growing rapidly, our rural areas continue to struggle. They don’t have the corporate giants such as Amazon, Microsoft and Boeing creating jobs and economic opportunities. Farms are predominantly family-owned.

Amazon’s plan reminiscent Boeing’s Chicago move

Last year, Seattle Times aerospace reporter Dominic Gates wrote about the similarities and differences between Boeing’s corporate office move to Chicago and Amazon’s plan for a second headquarters.

LiveLocal98022 meeting cancelled

Bob Green, the night’s speaker, notified the organization he couldn’t attend due to an illness.

Expanded Panama Canal among challenges for Washington Ports

The $5.4 billion spent to expand the Panama Canal is paying off for East Coast and Gulf of Mexico seaports; however, it is putting more pressure on the Northwest to remain competitive.

Players taking a knee hurting the NFL | Don Brunell

On a recent Saturday afternoon in Portland, a young woman stepped onto the playing field at the beginning of the University of Montana vs Portland State football game and started singing our national anthem. She immediately drew a blank on the words and briefly stopped, but as she started apologizing, the fans spontaneously took up the singing.

New metal collecting machine may clean up contaminated waters

There is a new machine being tested in Montana which could decontaminate toxic mine tailings while recovering valuable precious minerals for everyday use.

Workshop will focus on business, social media

All are invited to learn how social media can impact business and how it can be used to create a positive experience for customers.