3 ms·

See also HP. Pretty much only Costco left.

• chrisweekly 6mo ago
  This is where PBCs (Public Benefit Companies) and B-Corps may have a role to play. Something like that seems necessary to enable both (A) sufficient profitability to support innovation and viability in a capitalist society and (B) consideration of the public good. Traditional public companies aren't just disincentivized from caring about externalities, they're legally required to maximize shareholder profits, full stop. Which IMHO is a big part of the reason companies ~always become "evil".
  • mattkevan 6mo ago
    The company I currently work for is both a B-Corp and an employee-owned trust. The difference in culture, attitude and behaviour to the previous place I worked at, which only cared about quarterly results is stark.
• devmor 6mo ago
  Costco is such a strange and stark case standing in opposition to this general rule. From everything I hear, I can only gather that the reason is because of extremely experienced and level-headed executive staff.