{"id":904,"date":"2013-09-25T11:04:35","date_gmt":"2013-09-25T15:04:35","guid":{"rendered":"http:\/\/nm.cms-devl.bu.edu\/everett\/?page_id=904"},"modified":"2014-08-06T10:09:19","modified_gmt":"2014-08-06T14:09:19","slug":"from-private-to-public%e2%80%94and-back-again","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/questrom-magazine\/fall13\/from-private-to-public%e2%80%94and-back-again\/","title":{"rendered":"From Private to Public\u2014and Back Again"},"content":{"rendered":"<p><strong>A century ago,<\/strong> business organization was on the cusp of change. Individual proprietorships and partnerships were the norm back in 1913, but the need for large infusions of capital meant that corporations soon came to dominate the business landscape. Today, says Professor of Management James Post, the picture is changing again.<\/p>\n<p>\u201cCash-rich corporations such as Apple will buy back more and more public-held stock,\u201d he predicts, \u201cand could conceivably \u2018go private\u2019 one day in the next decade or two.\u201d<\/p>\n<p>Other corporations will remain publicly held, but with a socially conscious twist: in 16 US states (and counting), it\u2019s now possible for companies to become \u201cbenefit corporations,\u201d allowing them to favor social and environmental missions over financial returns, without risk of being sued by their stockholders. Where this legal status isn\u2019t available (or isn\u2019t necessary), purpose-driven companies can seek B Corp certification from the nonprofit B Lab. \u201cWe haven\u2019t yet seen a conventional company switch to a B Corp charter,\u201d says Post, \u201cbut that day will come.\u201d<\/p>\n<p><strong>The Social States<\/strong><br \/>\nCheck the map below\u2014are you bright green, dark green, or blue? Bright green states have passed benefit corporation legislation. Dark green states are getting there\u2014they\u2019re working on legislation. Sorry, blue states, \u00adnothing\u00a0yet. <em>Map source: www.bcorporation.net.<\/em><\/p>\n<div id=\"fall13-privatepublic-photo-1\" class=\"photo\"><img src=\"\/questrom-magazine\/files\/2013\/09\/private-public.png\"><p class=\"caption\"><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A century ago, business organization was on the cusp of change. Individual proprietorships and partnerships were the norm back in 1913, but the need for large infusions of capital meant that corporations soon came to dominate the business landscape. Today, says Professor of Management James Post, the picture is changing again. \u201cCash-rich corporations such as [&hellip;]<\/p>\n","protected":false},"author":2184,"featured_media":0,"parent":26,"menu_order":33,"comment_status":"closed","ping_status":"closed","template":"story.php","meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>From Private to Public\u2014and Back Again - Questrom Magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bu.edu\/questrom-magazine\/fall13\/from-private-to-public\u2014and-back-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"From Private to Public\u2014and Back Again - Questrom Magazine\" \/>\n<meta property=\"og:description\" content=\"A century ago, business organization was on the cusp of change. Individual proprietorships and partnerships were the norm back in 1913, but the need for large infusions of capital meant that corporations soon came to dominate the business landscape. 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