What Are Public Benefit Corporations (PBCs)?
Astute investors tracking the initial public offerings (IPOs) of companies such as eyewear maker Warby Parker and green shoe manufacturer Allbirds might have noticed that these companies are registered as public benefit corporations (PBCs).
Until recently only private companies or subsidiaries adopted this corporate structure, and PBCs were beyond the reach of the typical individual investor.
Should you add one of these "feel-good" companies to your portfolio?
Public Benefit Corporations (PBCs)
The PBC corporate structure signals that a business considers a "triple bottom line" – people, planet and profit – extending benefits to stakeholders like communities and employees.
Delaware, where a majority of publicly traded companies (and virtually all
