S7 E11: Better Capitalism?
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B Corp in Delaware
- Rick Alexander, a corporate lawyer in Delaware, initially dismissed the B Corp movement as something only small companies like Ben & Jerry's would be interested in.
- Delaware, where many large corporations are incorporated, seemed an unlikely place for B Corps to thrive.
- However, after researching B Corps and stakeholder capitalism, Alexander changed his perspective.
- He was particularly influenced by Lynn Stout's argument against programming corporations to be sociopathic by solely focusing on maximizing profits.
- Stout argued that people have interests beyond self-interest and corporations should be designed similarly.
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