Can capitalism and community work together in harmony? Kenneth Cole, shoe designer and chairman of Kenneth Cole Productions, says yes.
"Giving back makes the business I believe more sustainable," he told CNBC. "It has engaged and empowered all of our associates and it's made the journey probably even greater than wherever that destination would look like."
More than three decades ago, Cole went to an Italian shoe factory with the goal of making money to furnish his lifestyle. However, he soon realized that instead, if his goal were to do the right thing, the money would flow in on its own.