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- Welcome to King Arthur Flour, a 225-year-old company that prides itself on treating its employees well. It’s not just lip service: King Arthur is one of a growing number of companies that has incorporated as a new type of business called a benefit corporation, which means its mission is to consider the needs of society and the environment, in addition to profit. There are 27 states that have passed legislation allowing companies to incorporate as benefit corporations since Maryland passed the first such law in 2010. Delaware’s governor signed a benefit corporation law last year, opening up the designation to the thousands of businesses incorporated there, which include nearly half of all publicly-traded companies.
This is a really heartening read! I'm admittedly very optimistic, but to know that businesses like this are not just taking it upon themselves to be socially-minded, but are actually a regulated and observed part of the bureaucracy (not to necessarily endorse bureaucracy, just to recognize a change from within) hopefully is pointing toward a gaining momentum for systemic change.
user-inactivated · 3438 days ago · link ·
I want to believe. But if old rich people aren't on the board or in charge (especially the white ones) at the moment ... and this becomes profitable ... then the vampires of finance and their blood-sucking retirees will come. And they will fuck everything up.