Reported about 15 hours ago
Newman's Own, known for donating 100% of its profits to charity, is inviting other companies to adopt this model as part of the 100% for Purpose Club, coinciding with what would have been founder Paul Newman’s 100th birthday. The company's CEO, Alex Amouyel, advocates for more firms to contribute all their profits to social causes, highlighting recent legislative changes that facilitate this model. Companies like the Australian Humanitix and Patagonia are already incorporating similar philanthropic structures, aiming to redefine how businesses can effectively combine profit generation with positive societal impact.
Source: YAHOO