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Ben Cohen

👤 Speaker
624 total appearances

Appearances Over Time

Podcast Appearances

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

And, you know, they hired these diversity officers and and then Trump comes into office and he says, DEI bad.

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

And they all got rid of their diversity programs.

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

And it's because it's not part of their mission.

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

What I say is that you can do both.

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

You can serve the needs of the community and make great ice cream or mayonnaise at the same time.

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

And, you know, I mean, Gerry and I have always said, you know, we found a method of doing business together.

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

that both serves the needs of the society and makes money.

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

And that's the way we like doing business.

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

Other companies, they don't really care about the needs of society.

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

And if they want to do business like that, they can, but consumers can vote with their wallets.

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

And do you want to support a company that doesn't really care and that is essentially

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

part of the general economic machine that is shoving more and more dollars up to the top 1%?

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

Or do you want to buy from a company that is trying to solve some of these social problems?

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

That kind of gets to this issue of the independent board of directors.

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

When Ben & Jerry's was acquired by

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

Unilever and I want to be clear that Jerry and I did not want the business sold.

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

We wanted to keep it independent.

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

But, you know, according to SEC rules, Unilever was offering so much money for the business that the board of directors had to recommend the sale.

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

Uh...

Radical with Amol Rajan
Business Reimagined: Should Firms Have a Purpose Beyond Profit? (Ben & Jerry’s Ben Cohen)

Yes, we thought that when we went public, we thought that we had legal, what they call poison pills that would prevent the company from getting acquired, but they didn't work.