3 ms·
A standard C corp (and more relevantly its officers) is legally obligated to maximize profit for shareholders at the expense of any mission. For a B-corp if th
by elfprince13 2y ago
A standard C corp (and more relevantly its officers) is legally obligated to maximize profit for shareholders at the expense of any mission.
For a B-corp if the investors sue the board or CEO for breaching fiduciary duty for not maximizing profit, the response is "we were following the mission (and you knew we would be following the mission going in), GFY"
- shafyy 2y agoWho cares about profit? We're in the VC world now, where many companies grow quickly without making a cent of profit and then get sold off. How does a B corp help here?