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Can't Buy Me Love

By: Carleen HawnWed Dec 19, 2007 at 8:26 AM
How luxury organic skin-care company Dr. Hauschka has infused sustainability into its financial structure.

Cant Buy Me Love


Cant Buy Me Love


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Hauschka looks like a nonprofit but isn't one. It makes money, and it pays taxes. It is governed by a four-member board that includes the Kurzes and two WALA representatives. Their charge is to see that the company complies with Hauschka's long-standing mission "to heal." The articles of incorporation prohibit board members from receiving any financial gain for their role, in salary or dividends. They also prohibit the sale of Hauschka's distribution rights. Without owners to collect dividends, all net profits are reinvested in operations, sustaining development.

Theoretically, someone could come along and unravel this protective web. But Susan points out the difficulty in such a deal: "Who would get the money?" Blame it on love.

From Issue 121 | December 2007

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Recent Comments | 7 Total

January 14, 2008 at 7:09pm by Karen McGrane

Can I make a comment without being signed in?

January 17, 2008 at 3:59pm by Haewon Kye

I think so

February 8, 2008 at 5:06pm by MG Howard

They walk the walk. There's hope ; )