Rare Book Monthly

Articles - February - 2012 Issue

B-corps for Booksellers? New structure has some obvious and not so obvious advantages

B corp graph 2009 csci monitor

B corps were fast growing in 2009, and have grown another 70% since.

AE readers first learned about B (for benefits) corporations in 2010 when we visited the warehouse facilities of Better World Books of Mishawaka, Indiana. The rapidly expanding high volume bookseller and book-recycler was an early adopter of this hybrid format. Founded in 2002 the company used the “benefits corporation” framework to acquire its inventory at little or no cost and, at the same time - by pledging a portion of its profits to literacy goals - support a larger social agenda. (www.betterworldbooks.com)

Two years ago our readers had mixed reaction to the company and its business practices. Some applauded the effort to do well by doing good. Others were more than a little skeptical of the model, which they saw as a way to undercut traditional booksellers and openly scoffed at the company’s self-laudatory motto “An online bookstore with a soul.”

What most probably did not fully understand at the time was that B corporations are a new and fast growing business structure that might be applicable to other facets of the book trade, both new and antiquarian, and might be worth a closer look.

Now in 2012 the business press is reporting that, with changing times and a changing social agenda, more and more companies are choosing this form of “social entrepreneurship.” An increasing number of states have passed or are passing legislation that not only allows, but supports and encourages, this structure.

On January 19, 2012 the Wall Street Journal took a closer look at these hybrid entities. According the WSJ, a B corporation is a company whose charter allows the board to consider social or environmental objectives ahead of profits. This does not make a B corporation a non-profit entity, nor does it exempt it from taxes. But it does protect the management from investor allegations of not maximizing shareholder value.

The enabling legislation requires the social and environmental goals of a benefits corporation to be laid out in the by-laws and the company must publish an annual report to measure itself against those goals.

The report said there are seven states that presently allow benefits corporations (Maryland, Vermont, New Jersey, Virginia, Hawaii, California and New York); there are four states where legislation is pending (Colorado, North Carolina, Pennsylvania and Michigan).

When the law took effect in California on Jan. 1 of this year, Patagonia, a high profile sportswear and outdoor gear companies (which has long advocated environmental activism) was first in the line to convert to the new corporate structure. (See coverage in the Economist, Jan 5, 2012 www.economist.com/node/21542432)


Posted On: 2012-02-01 00:00
User Name: unclebooks

These companies have a better PR then the actual benefit they offer to Libraries. Our Friends group gave them more than 250 boxes of books, t


Rare Book Monthly

  • <b>Bonhams, Oct. 23:</b> SMITH, CHRISTOPHER WEBB. 1793-1871. <i>Indian Ornithology.</i> [Patna, India]: 1828. $50,000 to $80,000.
    <b>Bonhams, Oct. 23:</b> DUPRÉ, LOUIS. 1789-1837. <i>Voyage à Athènes et à Constantinople, ou Collection de portraits, vues et costumes grecs et ottomans.</i> Paris: Dondey-Dupré, 1825. $60,000 to $90,000.
    <b>Bonhams, Oct. 23:</b> ADAMS, JOHN. Autograph Letter Signed ("J Adams"), [to Dr. Perkins?] while recovering from his small pox inoculation, [late-April, 1764]. $30,000 to $50,000.
    <b>Bonhams, Oct. 23:</b> AUSTEN, JANE. Autograph Letter Signed ("J. Austen"), to her sister Cassandra, 4 pp, "Thursday – after dinner," [September 16, 1813,] Henrietta St. $80,000 to $120,000.
    <b>Bonhams, Oct. 23:</b> AUDUBON, JOHN JAMES. 1785-1851. <i>The Birds of America, from Drawings Made in the United States and Their Territories.</i> New York & Philadelphia: J.J. Audubon & J.B. Chevalier, 1840-1844. $20,000 to $30,000.
    <b>Bonhams, Oct. 23:</b> DODWELL, EDWARD. 1767-1832. <i>Views in Greece.</i> London: Rodwell and Martin, 1821. $20,000 to $30,000.
    <b>Bonhams, Oct. 23:</b> JAMES, JESSE. Autograph Letter Signed ("Jesse W. James"), to Mr. Flood demanding Flood retract spurious accusations, 3 pp, June 5, 1875. $200,000 to $300,000.
    <b>Bonhams, Oct. 23:</b> DE CORDOBA, JACOB. <i>Map of the State of Texas.</i> New York, 1866. $15,000 to $20,000
    <b>Bonhams, Oct. 23:</b> ARNOLD, BENEDICT. Autograph bookseller's receipt for Dr. John Dickinson, Signed ("B. Arnold"), February 1767. $3,000 to $5,000.
    <b>Bonhams, Oct. 23:</b> EINSTEIN, ALBERT. 4 Typed Letters Signed ("A Einstein") to Cleveland E. Dodge offering early reports on the meetings of the Emergency Committee of Atomic Scientists. $10,000 to $15,000.
    <b>Bonhams, Oct. 23:</b> EISENHOWER, DWIGHT D. Typed Letter Signed ("Dwight D. Eisenhower") to General Henri Giraud written from a secret bunker in Gibraltar on the eve of Operation Torch, November 4 [but 6], 1942. $10,000 to $15,000.
    <b>Bonhams, Oct. 23:</b> Early Broadside Printing of the GADSDEN PURCHASE, Puebla, August 16, 1854. $2,000 to $3,000.
    <b>Bonhams, Oct. 23:</b> ALLEN, ETHAN. Autograph Letter Signed to Crevecouer during the Constitutional Debates in Congress, 2 pp, August 29, 1787. $30,000 to $50,000.
  • <center><b>Hindman Auctions<br>Library of a Midwestern Collector<br>November 5, 2019</b>
    <b>Hindman Auctions, Nov. 5:</b> DARWIN, Charles. <i>On the Origin of Species.</i> London John Murray, 1859. FIRST EDITION. THE VERY FINE MELLON-GARDEN COPY. $120,000 to $180,000
    <b>Hindman Auctions Auctioneers, Nov. 5:</b> ECKERT, J. P, H. H. GOLDSTINE, and J. G. BRAINERD. <i>Description of the ENIAC and comments on electronic digital computing machines.</i> N.p., 1945. FIRST EDITION, INSCRIBED BY GOLDSTINE. $5,000 to $7,000
    <b>Hindman Auctions, Nov. 5:</b> EUCLID. <i>Elementa geometriae.</i> Translated from the Arabic by Adelard of Bath. Venice: Erhard Ratdolt, 25 May 1482. FIRST EDITION. $60,000 to $80,000
    <center><b>Hindman Auctions<br>Library of a Midwestern Collector<br>November 5, 2019</b>
    <b>Hindman Auctions, Nov. 5:</b> [HAMILTON, Alexander, James MADISON and John JAY]. <i>The Federalist: A Collection of Essays…</i> New York: John and Andrew M'Lean, 1788. FIRST EDITION. $60,000 to $80,000
    <b>Hindman Auctions, Nov. 5:</b> GALILEI, Galileo. <i>Dialogo...Dove ne i congressi di quattro giornate si discorre sopra i due massimi sistemi del mondo Tolemaico, e Copernicano.</i> Florence, 1632. FIRST EDITION. $30,000 to $40,000
    <b>Hindman Auctions, Nov. 5:</b> JOYCE, James. <i>Ulysses.</i> Paris: Shakespeare and Company, 1922. FIRST EDITION, ONE OF 100 COPIES SIGNED BY JOYCE. $120,000 to $180,000
    <center><b>Hindman Auctions<br>Library of a Midwestern Collector<br>November 5, 2019</b>
    <b>Hindman Auctions, Nov. 5:</b> KEYNES, John Maynard. <i>The General Theory of Employment Interest and Money.</i> London: Macmillan, 1936. FIRST EDITION. $5,000 to $7,000
    <b>Hindman Auctions, Nov. 5:</b> NEWTON, Isaac, Sir. <i>Philosophiae naturalis principia mathematica.</i> London: Joseph Streater for the Royal Society, 1687. FIRST EDITION. $150,000 to $250,000
    <b>Hindman Auctions, Nov. 5:</b> ROWLING, J. K. <i>Harry Potter and the Philosopher's Stone.</i> London: Bloomsbury, 1997. FIRST EDITION, SIGNED BY ROWLING. $80,000 to $120,000
    <b>Hindman Auctions, Nov. 5:</b> SMITH, Adam. <i>An Inquiry into the Nature and Causes of the Wealth of Nations.</i> London: for W. Strahan and T. Cadell, 1776. FIRST EDITION. $70,000 to $90,000
  • <b>Swann Auction Galleries Nov 14:</b> William P. Welsh, <i>Vacation Lands Are Calling / Go in Pullman,</i> 1936. $1,500 to $2,000.
    <b>Swann Auction Galleries Nov 14:</b> Paul Proehl, <i>Chicago for the Tourist / Illinois Central,</i> 1925. $5,000 to $7,500.
    <b>Swann Auction Galleries Nov 14:</b> James Northfield, <i>Wattle Time / Travel By Train,</i> circa 1925. $4,000 to $6,000.
    <b>Swann Auction Galleries Nov 14:</b> John O. Brubaker, <i>California / America’s Vacation Land / New York Central Lines,</i> 1925. $10,000 to $15,000.
    <b>Swann Auction Galleries Nov 14:</b> <i>Montauk Beach,</i> designer unknown, circa 1929. $15,000 to $20,000.
    <b>Swann Auction Galleries Nov 14:</b> Otto Brennemann, <i>Football / Notre Dame by South Shore Line,</i> 1926. $7,000 to $10,000.
    <b>Swann Auction Galleries Nov 14:</b> Guy Arnoux, <i>Air France / Amérique du Nord,</i> 1946. $3,000 to $4,000.
    <b>Swann Auction Galleries Nov 14:</b> Joseph Feher, <i>Yosemite / United Air Lines.</i> $2,000 to $3,000.
    <b>Swann Auction Galleries Nov 14:</b> Roger Broders, <i>Le Tour du Mt. Blanc,</i> 1927. $5,000 to $7,500.
    <b>Swann Auction Galleries Nov 14:</b> Leslie Ragan, <i>The Transportation Parade of the Years / Great Lakes Exposition,</i> 1936. $3,000 to $4,000.
  • <center><b>Hindman Auctions<br>Fine Books and Manuscripts Including Americana<br>November 6, 2019</b>
    <b>Hindman Auctions, Nov. 6:</b> RATZER, Bernard. <i>Plan of the City of New York in North America, surveyed in the years 1766 & 1767.</i> London: Jefferys and Faden, “Jan.y” 12, 1776. $80,000 to $120,000
    <b>Hindman Auctions, Nov. 6:</b> [KELMSCOTT PRESS]. COCKERELL, Sydney C. <i>Some German Woodcuts of the Fifteenth Century.</i> Hammersmith: The Kelmscott Press, 1897 [issued 1898]. $20,000 to $30,000
    <b>Hindman Auctions, Nov. 6:</b> [GOLDEN COCKEREL PRESS]. KEATS, John. <i>Lamia, Isabella, the Eve of Saint Agnes and Other Poems.</i> Waltham Saint Lawrence, Berkshire: The Golden Cockerel Press, 1928. $6,000 to $8,000
    <center> <b>Hindman Auctions<br>Fine Books and Manuscripts Including Americana<br>November 6, 2019</b>
    <b>Hindman Auctions, Nov. 6:</b> [GRANT, Ulysses S.— GRANT, Julia, First Lady]. Carved Applewood and 18-karat Gold Jewelry Suite, Browne & Spaulding, Jewelers, New York City, 1865. $20,000 to $30,000
    <b>Hindman Auctions, Nov. 6:</b> [LINCOLN ASSASSINATION]. GARDNER, Alexander. <i>Incidents of the War |Sic Semper Sicariis</i> [caption title]. Washington, D. C.: Philip & Solomons, 1865. $5,000 to $7,000
    <b>Hindman Auctions, Nov. 6:</b> A COMPLETE COLLECTION of 115 titles published in R. R. Donnelley's Lakeside Classics series. Chicago, 1903-2017. COMPLETE RUN OF THE LONGEST-RUNNING CONTINUOUS SERIES OF BOOKS IN THE WORLD. $5,000 to $7,000
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts Including Americana<br>November 6, 2019</b>
    <b>Hindman Auctions, Nov. 6:</b> GLEIZES, Albert. METZINGER, Jean. <i>Du Cubisme.</i> Paris, 1947. LIMITED EDITION, number 19 of 20 copies on papier d'Auvergne. $3,000 to $4,000
    <b>Hindman Auctions, Nov. 6:</b> [THE LITTLE REVIEW]. ANDERSON, Margaret, ed. POUND, Ezra, ed. HEAP, Jane, ed. <i>The Little Review.</i> Vol. I, No. 1 through Vol. XII, No. 2. 1914-1929. $3,000 to $4,000
    <b>Hindman Auctions, Nov. 6:</b> [MOUNTENEY, Leonard, binder]. LOUŸS, Pierre. <i>Songs of Bilitis.</i> Chicago: Argus Books, 1931. $2,000 to $3,000
    <b>Hindman Auctions, Nov. 6:</b> [HANCOCK, John]. Partly-printed U.S. Loan-Office Transfer Certificate issued on behalf of Hancock. Sgn’d on recto by William Imlay, as Commissioner of Loans of Connecticut. 28 February 1793. $2,000 to $3,000

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