It is heartening to see a movement toward the Public Benefit Corporation business form. Unlike strictly for-profit businesses, PBCs have a “three-legged stool” of goals: to benefit people and the environment as well as to create profit for their shareholders. Ideally, this would be the form for all businesses. In fact, for sustainability, perhaps this is necessary. How can we allow the existence of businesses that choose to enslave their workers at below-poverty wages, for example, while reaping great profits and rewarding their executives with riches beyond compare? (If it sounds too good to be true, it probably is too good to be true.)
Tag Archives: SEC reform
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