Denizen

Scaling a Progressive Economy with Chelsea Robinson and Jay Standish

11 snips
Sep 4, 2024
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INSIGHT

Steward Ownership Explained

  • Steward ownership separates economic incentives from voting rights to prioritize long-term purpose over profit extraction.
  • It commits companies to not sell, ensuring continuous reinvestment aligned with their stated purpose.
ANECDOTE

Carpet One's Cooperative Model

  • Carpet One is a federation of 4,000 independently owned flooring stores that pool resources to compete with big box stores.
  • They share branding and supply chain, blending local ownership with enterprise-level benefits.
ANECDOTE

Patagonia's Steward Ownership Shift

  • Patagonia transitioned into a perpetual purpose trust to align profits with climate change mitigation.
  • They donated ownership into a trust ensuring long-term reinvestment into environmental goals rather than extraction.
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