3 ms·
A business is always a business. The profits from it are owed to the owners, not the suppliers, nor the employees. If you want to do something different with t
by valuearb 10y ago
A business is always a business.
The profits from it are owed to the owners, not the suppliers, nor the employees. If you want to do something different with those profits, then you should not invite other investors in as partners, then use some of their share of the profits to fund your own CEO cult.
- ferentchak 10y agoIt gets fuzzy when it comes to B-Corps. "In the United States, a benefit corporation is a type of for-profit corporate entity, authorized by 30 U.S. states and the District of Columbia[1] that includes positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals. Benefit corporations differ from traditional C corporations in purpose, accountability, and transparency, but not in taxation. " When investors put their money into a B-Corp they have decided to invest in a company that has declared that profit is not their only motive. I was working for the first B-Corp to become publicly traded. At that point the leadership was forced to test their idealist goals vs the pressures of forecastable quarter after quarter growth. https://en.wikipedia.org/wiki/Benefit_corporation https://en.wikipedia.org/wiki/Benefit_corporation
- dkarapetyan 10y agoI'm not disagreeing. My point is that I've seen this pattern enough times now to know you can't escape it. It will happen whether you like it or not.