Apparently a charity he founded to help disabled NFL players gave out around 4% of what it had collected. Appears to have collected $ 1.3 million, spent $ 1 million raising that revenue, and paid out to needy players $ 57,000.
That's about what the software industry puts out towards new product development (rest of R&D goes towards bug fixes, localizations etc). It does 20-30 basis points better in SG&A though than Mike did.
I say the industry is not spending enough time at the golf charities -)
Comments
Mike Ditka should be in software
Apparently a charity he founded to help disabled NFL players gave out around 4% of what it had collected. Appears to have collected $ 1.3 million, spent $ 1 million raising that revenue, and paid out to needy players $ 57,000.
That's about what the software industry puts out towards new product development (rest of R&D goes towards bug fixes, localizations etc). It does 20-30 basis points better in SG&A though than Mike did.
I say the industry is not spending enough time at the golf charities -)
Mike Ditka should be in software
Apparently a charity he founded to help disabled NFL players gave out around 4% of what it had collected. Appears to have collected $ 1.3 million, spent $ 1 million raising that revenue, and paid out to needy players $ 57,000.
That's about what the software industry puts out towards new product development (rest of R&D goes towards bug fixes, localizations etc). It does 20-30 basis points better in SG&A though than Mike did.
I say the industry is not spending enough time at the golf charities -)
December 12, 2007 in Industry Commentary | Permalink