Alternative Energy: Ushering the New Era of Corporate Governance?

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Over at the MoJo blog, David Corn highlights the symbolic statement President Obama made Tuesday afternoon when he signed the stimulus package into law at the Denver Museum of Nature and Science.

The museum draws its power from solar panels, installed by Namaste Solar Electric, a small, progressively minded company based in Boulder, Colo. But the most intriguing thing about Namaste isn’t that the president signed the stimulus package, which includes billions for renewable energy, under a roof lined with the company’s product.

What intrigues me most about Namaste is the business structure that governs the company: Namaste is employee-owned, with every employee given the chance to purchase a stake in ownership, and each owner receiving the same salary and power in decision-making.

Cynics might call it socialism masked as capitalism. But the company is about making money, and one benefit of giving everyone an equal stake—and salary—in the company is that the employee pool would by nature include only those most passionate about the company’s mission. The business model is exciting, and the fact that Namaste’s president, Blake Jones, was present at the signing shows the Obama Administration approves of the company’s mission. If the model catches on, it could transform the way renewable-energy start-ups govern themselves. But I do have two questions: Is there a point where too many employee-owners will bog down the decision-making process? And can those smaller companies sustain the growth the stimulus package, with its billions for the renewable-energy sector, will create?

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In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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