BUSINESS

What One CEO 'Obsessed' With Volunteering Did To Maximize Her Impact

01/24/2015 08:02 am ET | Updated Jan 24, 2015

Rachael Chong, founder and CEO of Catchafire, explained how she left the world of investment banking -- a job she said she actually enjoyed -- to become an entrepreneur.

"While I was banking I still wanted to be able to give back and at the time the only opportunity was, once a year we'd get put on a bus and go build a house," Chong told HuffPost Live at Davos on Saturday. "All volunteer work is good, but when you think about maximizing impact, bankers building houses is not necessarily the best use of their time."

"I became really obsessed with then finding a way to volunteer my skills," Chong added.

Chong said the people who volunteer with Catchafire gain something by giving up their time and services.

"It gives people a sense of purpose," Chong said.

One of the few women at Davos, Chong spoke about the challenges she faces as a woman and said more women in business need to make their voices heard.

"I think we have to use our voice," she added. "Particularly with businesswomen, there are so few, and as role models they're so important."

Below, live updates from the 2015 Davos Annual Meeting:

01/24/2015 8:58 AM EST

McAfee On Evolution And Technology

"Evolution has wired us; we have social drives," McAfee said.

"Could there be a piece of technology that figures out an intelligent next question to ask somebody? Yeah," McAfee said.

01/24/2015 8:57 AM EST

'Making Workers Obsolete'

"For 200 years of industrial technology, we've been making workers obsolete," McAfee said.

McAfee said nobody knows if we're reaching the point where technological developments could lead to unemployment.

01/24/2015 8:56 AM EST

Andrew McAfee At Davos

a

Andrew McAfee of the MIT Sloan School of Management on HuffPost Live

01/24/2015 8:46 AM EST

Bruder On The Barriers Women Face

"We strive to have the majority of our graduates female," EFE's Ron Bruder said.

"I don't think there's an official barrier but there's a social and structural barrier in a lot of these countries toward women," Bruder added.

Bruder said his company creates local foundations, and those foundations tackle those issues on EFE's behalf.

01/24/2015 8:42 AM EST

EFE's McAuliffe And Bruder: Young People Need Jobs

EFE's president and CEO Jamie McAuliffe, along with founder and chair Ron Bruder, sat down with HuffPost Live at Davos on Saturday.

Bruder said it's vital to the global economy that youths have jobs.

McAuliffe said EFE starts with businesses.

"Where are the jobs?" he said.

01/24/2015 8:14 AM EST

'Every Woman Has The Opportunity To Be An Activist'

Catchafire Founder & CEO Rachael Chong joins HuffPost Live to share her thoughts on how to get more women to Davos.

01/24/2015 8:11 AM EST

'Doing Less, But Better'

Greg McKeown, author of Essentialism: The Disciplined Pursuit of Less, said his book grew out of working with people who are really successful.

"Success can become a catalyst for failure," he said.

McKeown said leaders at Davos have experience with plateauing after achieving professional success. To avoid that, McKeown said, people must find a way to expand their contribution without doing more.

"The whole idea is about doing less, but better," he said.

01/24/2015 8:00 AM EST

Online Data Is Like Money

"In some sense, we're the next generation of banks," Smith said, noting you wouldn't put your data in a place you don't trust just like you wouldn't deposit your money at a bank you don't feel is stable.

01/24/2015 7:59 AM EST

Hacking Crime Difficulties

Smith said the most difficult part about investigating a hacking crime is identifying and finding a hacker.

"Our prisons are not full of hackers," Smith said, noting hackers are often in countries outside the U.S.

01/24/2015 7:57 AM EST

Brad Smith At Davos

brad

Brad Smith at Davos

Suggest a correction
Comments

CONVERSATIONS