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?

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

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