“Existing companies transitioning into such a model would be difficult to say the least, so let’s examine where this model of ownership can truly spring to life: in a revolution of the tech industry.”

A Rutgers study found that converting a business to employee ownership boosts profits by as much as 14%, and doing so does not come at a detriment to wages.

Generally, corporations in America are for-profit or “C” corporations. Directors are obligated to maximize profit or they may be sued by share holders for negligence. These are the capitalist corporations typically derided by environmentalists and humanitarians because many act without regard to impact to the planet. However, thirty-five states allow the incorporation of benefit or “B” corporations that give directors and officers of mission-driven businesses the legal protection to pursue an additional mission and consider additional stakeholders. Patagonia is an example of a benefit corporation.