4 ms·
While I am, at least at this point, a big fan of B-corps, the issues of efficiency are real. Organizations will sometimes use their B-corp or not-for-profit sta
by leot 15y ago
While I am, at least at this point, a big fan of B-corps, the issues of efficiency are real. Organizations will sometimes use their B-corp or not-for-profit status as an excuse to provide poor value to their customers or for overall bad management.
Case-in-point: REI. Though they're a co-operative, they don't behave at all like one. They don't have a straightforward product pricing policy (co-operatives shouldn't have "sales"). They don't hold free and fair elections to their board of directors (candidates for election must be approved by those currently in charge). They altogether fail to serve as an example of how a co-operative should behave (this is obvious when you compare them, and their prices, to their Canadian counterpart MEC).