ButcherBox CEO Mike Salguero says B Corp bylaws limit shareholder primacy

What was said

"And so in 2020 we u became BCorp certified which is a rigorous uh third party audit of your business of what you do of what you stand for who your partners are uh what your impact on the environment and community like a whole bunch of different um questions. Um and that is the thing that I um fall back on now."

Mike Salguero says ButcherBox became B Corp certified in 2020 and describes it as a rigorous third-party audit of the company’s values, partners, and environmental and community impact. He says the certification process allowed ButcherBox to change its bylaws to state it is not making decisions solely for shareholders, and argues that approach makes a public listing harder to justify.