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Twelve California Companies Seize the Moment to Become Benefit Corporations

CEOs rushed to be first in line to become California Benefit Corporations.



When the California Secretary of State's office opened its doors this morning, there stood a band of smiling millionaires, papers in hand, waiting to sign on the dotted line. At 9:30 a.m., California officially began accepting filings for social enterprises to become legal Benefit Corporations, and many of them wanted to be first.

Patagonia founder and CEO Yvon Chouinard was the first of a gaggle of CEOs in line as the office doors opened, according to the company. His firm, a supply-chain transparency leader, had lobbied for the adoption of the law and wanted to make a public show of support by becoming the first to shift its corporate status.

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The Benefit Corporation: Can the Future of Business Be About More Than Making a Buck? The National March of the Benefit Corporation Continues, Now Protecting Ben and Jerry's Backyard from Future Sellouts

New laws take effect in Vermont and Virginia today that protect sustainable businesses from the pressure to turn a profit at all costs.

New laws take effect in Vermont and Virginia today, giving ethical business a boost. If Vermont's law had been around 11 years ago, Ben Cohen and Jerry Greenfield might not have had to sell their ice cream company.

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What Business Can Learn from the Revolutions

The Egyptian revolution showed how fragile a bad leader can be. Business leaders can learn a couple lessons from the turmoil about constituent needs.

The speed with which regime-toppling revolutions have spread throughout the Arab world has left many observers stunned. How did 18 days of protest in Egypt topple a government that ruled with an iron grip for more than thirty years?

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