Comments on: The promise of B-corps http://blogs.reuters.com/felix-salmon/2012/05/01/the-promise-of-b-corps/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: click http://blogs.reuters.com/felix-salmon/2012/05/01/the-promise-of-b-corps/comment-page-1/#comment-53226 Sun, 28 Sep 2014 18:05:56 +0000 http://blogs.reuters.com/felix-salmon/?p=13646#comment-53226 I’ll gear this review to 2 types of people: current Zune owners who are considering an upgrade, and people trying to decide between a Zune and an iPod. (There are other players worth considering out there, like the Sony Walkman X, but I hope this gives you enough info to make an informed decision of the Zune vs players other than the iPod line as well.)

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By: fut 15 coins http://blogs.reuters.com/felix-salmon/2012/05/01/the-promise-of-b-corps/comment-page-1/#comment-52571 Thu, 25 Sep 2014 21:26:39 +0000 http://blogs.reuters.com/felix-salmon/?p=13646#comment-52571 Info Corp.Is the reason he sends the most important fees the actual national football league, Spending typically $725 million a year for your legal protection under the law to the nation’s hockey management meeting. That get to typically $1.1 thousand single season using the new package. Sibel will pay you distinct because the nation’s nfl achieving is complete with alot of competitors in good trading sells making use of rhode island, Philadelphia, Chi town as well california..

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By: CraigEverett http://blogs.reuters.com/felix-salmon/2012/05/01/the-promise-of-b-corps/comment-page-1/#comment-39153 Thu, 17 May 2012 15:35:30 +0000 http://blogs.reuters.com/felix-salmon/?p=13646#comment-39153 As of May 17, 2012 there are eight states that have adopted benefit corporation legislation and 94 firms that have incorporated as such. Updated research info at http://craigeverett.com/benefit-corporat ions.html

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By: noncellulose http://blogs.reuters.com/felix-salmon/2012/05/01/the-promise-of-b-corps/comment-page-1/#comment-38883 Fri, 11 May 2012 03:28:46 +0000 http://blogs.reuters.com/felix-salmon/?p=13646#comment-38883 Logic has its own siren song. We think 1+1=2 for ourselves and then make the deadly mistake that everyone else agrees.

Not so, as y2kurtus supposes.

Mexicans shop at Walmart, because they are wise to saving money. They DO NOT assess the long term socio-financial trajectory of marketing decisions and local political choices impacting the purveyors from which they choose to shop. For them, it’s simple math.

You project the mindset of a Ivy league economist with the wherewithal to choose which politically aligned company they will send their dollars to.

“B-Corps will never catch on in a meaningful way,” you claim, just as everyone said Japanese auto makers would not, just as every Windows computer user said Apple would not, just as every Detroit auto executive hoped petroleum alternative powered vehicles would not, just as everyone said no black man would chair the White House in Washington.

Believing so will put you in the same category with Blackberry smartphones, still great devices for sure, but losing ground steadily. Have you watched their stock price over the last 12 months?

I suspect what you meant to say was that you “hope” B-corps never catch on. Well…you’d better think again because there’s more to meta-accounting than nearsighted bottom lines.

B-Corps have the meta-picture and they will help you and everyone else on this 3rd rock from the sun get richer in every way.

I advise you circle your wagons and get yourself truly educated. You will thank me someday.

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By: ed_uk http://blogs.reuters.com/felix-salmon/2012/05/01/the-promise-of-b-corps/comment-page-1/#comment-38571 Wed, 02 May 2012 10:23:42 +0000 http://blogs.reuters.com/felix-salmon/?p=13646#comment-38571 UK corporate law has included a statutory obligation since 2006 on each director to act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to—

(a)the likely consequences of any decision in the long term,

(b)the interests of the company’s employees,

(c)the need to foster the company’s business relationships with suppliers, customers and others,

(d)the impact of the company’s operations on the community and the environment,

(e)the desirability of the company maintaining a reputation for high standards of business conduct, and

(f)the need to act fairly as between members of the company.

Any director of any UK company, public or private, is required to comply with this, and it already forms part of the ‘fiduciary duty’. Yet does this statutory obligation stop UK companies from myopia, taking decisions which are not in the employees’ best interests, screwing over suppliers or the environment? No, and the reason for this is that a wealthy company that can afford expensive legal protection (and I say this as an expensive lawyer myself).

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By: y2kurtus http://blogs.reuters.com/felix-salmon/2012/05/01/the-promise-of-b-corps/comment-page-1/#comment-38559 Wed, 02 May 2012 01:49:13 +0000 http://blogs.reuters.com/felix-salmon/?p=13646#comment-38559 B-Corps will never catch on in a meaningful way. There is a minimal amount of capital available which does not demand to maximize risk adjusted returns.

Paying above market wages, exceeding environmental or safety standards and even keeping prices below market to offer consumers enhanced value all sounds great… and in fact those things are great for workers, customers, and society at large… except that all of those things reduce profits and minimize the amount that can be reinvested in the business.

Look at the evil Walmart. They are vilified for paying bribes or “facilitating payments” in growing their 27 billion dollar/year Mexican business. They pay low wages… they sell factory farm food… 90% of the non-food products are made in China or some other low wage country with minimal environmental standards or worker rights… I mean there is a lot not to like right…

…so why do fifty million Mexicans shop there every month? Why does the Mexican government allow Walmart to operate there? Why do 220,000 Mexicans want to work there?

Well lets explore that… 50 million Mexicans apparently like the dependable availability of products at low prices. The Mexican Governments (national and local) like that Walmart actually pays taxes unlike most Mexican business. I’m not saying Walmart is a good corporate citizen… Walmart should do more for it’s employees and local communities.

I can guarantee you that 5, 10, 20, or 50 years in the future Walmart by itself will always be larger than the sum total of all B-Corps combined… the math is the math.

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By: tuckerm http://blogs.reuters.com/felix-salmon/2012/05/01/the-promise-of-b-corps/comment-page-1/#comment-38554 Tue, 01 May 2012 22:48:09 +0000 http://blogs.reuters.com/felix-salmon/?p=13646#comment-38554 Too bad this all came around too late for Ben and Jerry’s. My grandfather was on the board when the sale to Unilever happened and it was pretty divided on shareholder sentiment over the move. Ultimately they didn’t feel that they really had enough of a choice in the matter. If they had been a B-corp from sometime in the early 90s things might have gone differently. Even so I remember the failed ‘peanut butter and jelly’ flavor attempt left about a dozen pint’s in his freezer.

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By: KenG_CA http://blogs.reuters.com/felix-salmon/2012/05/01/the-promise-of-b-corps/comment-page-1/#comment-38553 Tue, 01 May 2012 20:41:15 +0000 http://blogs.reuters.com/felix-salmon/?p=13646#comment-38553 “But unlike other public companies, whose sole legal duty is to maximize profits for shareholders”

Felix, why do you keep perpetuating this myth? It’s simply not true. The management of public companies have a fiduciary duty to act in the best interest of the corporation, and that rarely means they must maximize profits. If that was the case, then the CEO of Wal-Mart should have been sued in 2005 after Wal-Mart donated truckloads of water to Katrina victims. After all, it didn’t increase profits, unless you consider the long term benefits of the good will that act bought.

And if you do consider those long term benefits, then you can’t compartmentalize every action of a company, and judge whether it is profitable. You’re leaving every decision up to the management to determine if it is in the best interests of the company, including something like reducing carbon emissions because they believe, rightly or wrongly, that it will lead to climate change, which will negatively impact the health of the company. Management can and should take into account the impact of their business on the community, the environment, and the economy, as all of those ecosystems will impact their ability to sustain profitability. Which means the idea that management must ignore those issues to maximize short term profits is false.

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