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Ben Cohen

👤 Speaker
656 total appearances
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Appearances Over Time

Podcast Appearances

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

Yes.

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

That it's not true.

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

You know, the reason why Ben & Jerry's has become so successful is because of this independent board of directors, which has guided the company to become this international, global, billion-dollar brand.

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

And the key to that is the independence of this board of directors.

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

What Magnum did, I mean, as soon as Magnum became the owner of the company, they fired the CEO who had been a 30-year employee who worked himself all the way up from tour guide to the very top because he was abiding by the independent board, the direction of the independent board.

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

And then they stopped meeting with the independent board.

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

They refused to meet with the independent board and they...

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

they claim to have illegally removed all of the independent board members.

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

Saying that they can appoint an independent director is kind of an oxymoron.

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

The whole idea is that the board is independent of Magnum.

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

There's like 130,000 people that have signed this petition to ask Magnum to sell Ben & Jerry's to this group of socially aligned investors.

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

Well, first of all, when people first hear about it, they say, well, I should boycott Ben & Jerry's.

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

And, you know, we've been saying, no, Ben & Jerry's is the victim here.

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

If you do want to boycott something, other Magnum products, that would be the thing to stop buying in protest.

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

You know, there's more and more.

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

people asking us to start a boycott.

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

And we've been kind of resisting that, hoping that Magnum is going to see the light, but it's harder and harder to hold back that impetus.

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

My guess is that a boycott is going to happen at some time.

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

No, I don't think the Democratic Party is getting it.

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

I think that there are a few politicians that...