A Quote by Robert Reich

Patagonia, a large apparel manufacturer based in Ventura, California, has organized itself as a 'B-corporation.' That's a for-profit company whose articles of incorporation require it to take into account the interests of workers, the community, and the environment, as well as shareholders.

Robert Reich

Quote Topics

Account Apparel Articles Based California Community Company Corporation Environment Incorporation Interests Itself Large Organized Patagonia Profit Require Shareholders Take Well Whose Workers

Quote Author

Robert Reich
American - Economist
Born: June 24, 1946

The British use a system where the profits a corporation reports to shareholders is what they pay taxes on. Whereas in America we require corporations to keep two sets of books, one for shareholders and one for the IRS, and the IRS records are secret. For publicly-traded companies, the British system would tend to align the interests of the government with the interests of the company because the company wants to report the biggest possible profit. Though, all wealthy countries have high taxes as wealth requires lots of common goods, from clean water to public education to a justice system.

David Cay Johnston

And no business can possibly equate happy workers (community) with profit (effectiveness). Happy workers are much more productive workers and hence contribute to profit, but no organization is formed for the idea of pleasing its employees.

Harvey Pekar

Motorcycle manufacturer Harley-Davidson is a prime example of an American company that uses employment conditions to boost productivity. Current CEO James Ziemer - who started with the company while in high school has negotiated imaginative contracts with the unions representing Harley's workers, agreeing to keep production in the U.S. in exchange for constantly reducing total labor costs through automating tasks and changing work rules. Because Harley regularly reassigns workers whose tasks have been automated to other parts of the company.

James O'Toole

Corporate executives need to re-frame their responsibilities to include the interests of all the stakeholders in society at large; not just shareholders, but also employees, the citizens of our communities, and those who care about the environment.

Simon Mainwaring

Dodge v. Ford still stands for the legal principal that managers and directors have a legal duty to put the shareholders' interests above all others and no legal authority to serve any other interests - what has come to be known as "the best interests of the corporation" principal.

Joel Bakan

I took a dozen of our top managers to Argentina, to the windswept mountains of the real Patagonia, for a walkabout. In the course of roaming around those wild lands, we asked ourselves why we were in business and what kind of business we wanted Patagonia to be. A billion-dollar company? Okay, but not if it meant we had to make products we couldn't be proud of. And we discussed what we could do to help stem the environmental harm we caused as a company. We talked about the values we had in common, and the shared culture that had brought everyone to Patagonia, Inc., and not another company.

Yvon Chouinard

In 2014, I left my job and launched TransTech Social Enterprises, a for-profit and nonprofit hybrid model focusing on the well-being of the trans community, not on external profits for shareholders.

Angelica Ross

A small group is powerful in matters relating to a particular industry, because then it is normally the only organized force, but it is less formidable when questions which divide the entire nation are involved, for then it must take on organized labor and other large organized groups. The business community in the aggregate is for this reason not uniquely effective as a pressure group.

Mancur Olson

There are certainly valid reasons for taking a company private, and it's also possible that C.E.O.s perform better when monitored by a small number of owners in a private company rather than by the dispersed and often uninterested shareholders of a public corporation.

James Surowiecki

Lacking a profit motive, workers in the government by and large have a different work ethic from those in private industry. When they could make one call, federal workers take a meeting. When they could find an answer on the Internet, they form a study committee. Instead of appointing one supervisor, they appoint five.

Ronald Kessler

People invest in companies in order to get a share of the profit that company will make. If the Government increases its share of the profits, potential profits, at the expense of the owners of the company, the shareholders, then that makes investment in that company less attractive.

Malcolm Turnbull

We need to confront honestly the issue of scale... You may need a large corporation to run an airline or to manufacture cars, but you don't need a large corporation to raise a chicken or a hog. You don't need a large corporation to process local food or local timber and market it locally.

Wendell Berry

Large organizations don't worship shareholders or customers, they worship the past. If it were otherwise, it wouldn't take a crisis to set a company on a new path.

Gary Hamel

What we want to do is call attention to the fact that when workers and business work together, when you create a stakeholder model of corporate governance, where you understand that you can do well by your workers, you can do well by your shareholders and you can do well by your customers, that's how we create a virtuous cycle.

Tom Perez

Religious organizations exist to foster the interests of persons subscribing to the same religious faith. Not so of for-profit corporations. Workers who sustain the operations of those corporations commonly are not drawn from one religious community.

Ruth Bader Ginsburg

We will reform legal immigration to serve the best interests of America and its workers, the forgotten people. Workers. We're going to take care of our workers.

Donald Trump

A Quote by Robert Reich

Quote Topics

Quote Author

Related Quotes

Related Authors