Terry Mollner is one of the pioneers of socially responsible investing as a new asset class in the professional investment community. He is a founder and member of the board of the Calvert Family of Socially Responsible Investment Funds, the largest such family of funds with over $7 billion under management.
Dr. Mollner is also the Founder and President of Trusteeship Institute, Inc., a think tank and consulting firm in economic and social development. In existence since 1973, its current focus is on the development of “common good corporations.” These are business corporations where the highest priority is the common good of humanity and nature. This is evidenced by operating as socially responsible companies and having a cap on the return to equity investors based on the risk level of the investment. All excess profit above this each year will be permanently set aside and managed forever for the common good by the company. He believes this is the next stage in the evolution of capitalism.
He also stepped in to keep Ben & Jerry’s Homemade, Inc. from being bought by Nestle and eventually facilitated the company being bought by Unilever, his minority partner in the earlier negotiations. Unilever, a very socially responsible multinational, agreed to keep the board of directors in perpetuity by contract and all the social agreements agreed to in the previous negotiations. He now sits on that board which has primary responsibility for the social mission and brand integrity of Ben & Jerry’s.
He is the author of several books and articles and is currently working on a book entitled The Love Skill: It Determines How We Experience Everything Else.To read more about Terry, visit his personal site.
Academy Articles by Terry Mollner
Thoughts on How to End Terrorism
Economic Maturity Beyond Capitalism: What will define the next stage?