February 16, 2009

Financial folks turn to trash

Several ex-Wall Street bankers turned their financial wizardry into creating green shoes for a good cause, according to this Reuters report.

After being laid off because of the Wall Street collapse, partners Stephen Chen, Iris Chau, and Alastair Onglingswan founded GreenSoulShoes, where local artisans in Southeast Asia make their shoes using recycled scrap tires materials. For each pair of shoes sold, the founders said a pair will be donated to kids from all over the third-world nations. The company's goal is to shoe 1 million kids in 5 years.

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