B Corp Status Protects, But How Much?
There is a great editorial from the April 11th edition of the New York Times on the virtues of being a B Corp, especially vis a vis preserving the mission of the organization in the face of takeovers by profit-focused incumbents. However, there is an implication, perhaps unintended, that being a B Corp would protect mission-driven businesses even when dominant industry players want a piece of the responsible, sustainable action that the B Corps are in. There are few examples of B Corps that have avoided takeover bids and were able to continue their responsible business practices in the face of incumbent competition, or of B Corps that were acquired but were able to preserve their missions. Why?